Goldman Sachs boss David Solomon said the bank took "prompt action" on the implosion of family office Archegos Capital that have left rivals nursing billions in losses and that he was "pleased with how the firm handled it".
Despite acting as a prime broker to the family office of Bill Hwang, which rocked global markets when it unwound around $20bn in positions in prominent tech firms, Goldman Sachs has come away from the ordeal relatively unscathed.