That leaves David Solomon, who shares the titles of president and chief operating officer with Schwartz, as the sole contender to replace Blankfein when he steps down as early as this year.
Blankfein briefed the Goldman Sachs board in February on the position of his potential successors, according to a person familiar with the matter. In that meeting, he identified Solomon as the man best placed to replace him, according to the person.
In other news, there’s been a big shakeup at the top of Citigroup’s stock trading business. Wall Street’s gotten obsessed with how Amazon could upend everything.
- “We all better listen up”: The CEO of an FX trading firm says Wall Street needs to pay attention to the breakneck growth of crypto exchanges
- GOLDMAN SACHS WARNS: Risks are rising that bitcoin will fall through its February lows
- Crypto exchanges are charging up to $US1 million per ICO to list tokens: ‘It’s pure capitalism’
- Wall Street trading firm trueEx is set to launch a derivatives platform for cryptocurrency
Lastly, Business Insider on Sunday published the untold story of Uber’s infighting, backstabbing, and multimillion-dollar exit packages.