Bloomberg Talks Goldman Sachs CEO David Solomon Talks Iran, Markets, Private Credit
7 snips
Mar 5, 2026 David Solomon, Chairman and CEO of Goldman Sachs, shares views as a leading Wall Street executive. He talks about market reactions to Middle East tensions. He outlines how global banks manage geopolitical risk and protect staff. He assesses Dubai’s safety, AI investment opportunities and wasted capital, U.S.-China relations, and private credit risks and performance.
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Markets Are Calm But Watching Growth And Energy Risks
- Markets have reacted relatively benignly to the Iran attacks despite high uncertainty.
- Solomon says participants weigh scenarios and are focused on whether the conflict will hit growth or energy supply chains.
Avoid Changing Core Allocations Over Short Shocks
- Don't overhaul long-term portfolio allocations because of short-term geopolitical shocks.
- Solomon relays Goldman strategists' guidance that wealth clients should not change fundamental allocations now.
Goldman Prioritises Staff Safety In Middle East Offices
- Goldman isn't treating Middle East offices as business as usual and prioritises staff safety and remote work.
- Solomon says they have many people in the region and are supporting employees and families amid the disruption.