Solomon took a strange dig at Credit Suisse and Citi on Goldman’s recent quarterly earnings call. He delivered remarks about special purpose acquisition companies (Spacs) that were clearly rehearsed, saying that the current explosion in deal volume is unsustainable.
“We generally strive to be number one in league tables,” Solomon said. “We do not strive to be number one in the Spac league table. [Although] we are very active, we’re very thoughtful about our sponsors and the business that we take on.
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