Goldman Sachs is plowing money into technology projects to propel the firm's next phase of growth.
Whether it's Marcus, the firm's online lender for consumers, or Marquee, its institutional securities trading platform, the bank is spending lots of time and money. The hope among analysts and investors and many employees, frankly, is that those investments will help the firm overcome a years-long slump in trading that's continued to persist.
"We are adding some platforms that are more technology driven, especially as we broaden out to serve consumers more broadly," Solomon said."But it's an evolutionary change and these changes generally take longer than people think."Goldman Sachs is moving away from a tool championed by its former CFO as it pushes its traders to see clients where they once saw quick wins
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