Tags: goldman | fed | risk | appetite

Goldman's President Says Fed Moves Have Sparked Risk Appetite

Goldman's President Says Fed Moves Have Sparked Risk Appetite

Thursday, 07 November 2019 01:35 PM

The Federal Reserve is sparking what could be a busy end of the year for Goldman Sachs Group Inc.

The bank’s backlogs are “strong” and it’s seeing more deal conversations taking place as central bank moves help stimulate markets, President John Waldron said in a Bloomberg Television interview Thursday.

“We actually see a pickup in risk appetite,” said Waldron, who was co-head of the investment-banking unit before rising to the firm’s No. 2 role last year. “What’s happened with the Federal Reserve and the central banks around the world in terms of injecting more liquidity into the system and being relatively dovish has helped, particularly the U.S. consumer.”

Goldman Sachs has joined other big banks in seeing a slump in trading revenue and investment-banking fees in the first nine months of the year. Still, a strong close to the year could lift merger and acquisitions volume above 2018 and make it the most active year since 2015.

While Waldron said he wouldn’t comment on reports that Walgreens Boots Alliance Inc. is considering going private in what would likely be the biggest leveraged buyout in history, he noted that there’s “enormous liquidity in the market that could support big transactions.”

“The markets are pretty wide open, activity levels are high, strategic activity is coming back,” Waldron said.

© Copyright 2020 Bloomberg News. All rights reserved.


   
1Like our page
2Share
StreetTalk
The Federal Reserve is sparking what could be a busy end of the year for Goldman Sachs Group Inc.
goldman, fed, risk, appetite
216
2019-35-07
Thursday, 07 November 2019 01:35 PM
Newsmax Media, Inc.
 
Newsmax TV Live

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved