/ Stephen Zipp
Goldman Sachs admitted to problems in its global markets unit during the bank’s inaugural investor day on Wednesday. This left investment banking co-head Gregg Lemkau looking the happiest presenter on stage.
| GOLDMAN SACHS INVESTOR DAY |
| 1. We've done it before: Goldman tells investors why they should trust its ambitions |
| 2. Goldman and IB: where do you go from number one? |
| 3. Goldman hunts better returns from challenged markets business |
| 4. Opinion: Goldman reveals it's no longer special |
| 5. Goldman's Lemkau: The cat who got the cream |
| 6. Goldman held an investor day and there were jokes |
Global markets had a return on equity (RoE) of just 7% last year at Goldman, which was a drag on overall performance, given that the division still consumes just over half of all capital – or $40 billion of the $79 billion total for 2019.
