Goldman Sachs’s Solomon Sees Improvement in Investment Banking

David Solomon: Slow Growth Could Feed Robust Debt Market

Investment banking improved slightly in the second quarter after volatile markets and a dearth of equity issuance damped revenue in the first three months of the year, according to Goldman Sachs Group Inc.’s David Solomon.

“There’s no question that activity levels have been a little bit better,” Solomon, co-head of investment banking at the New York-based firm, said Tuesday in an interview on Bloomberg Television. “But we’ll see. Our business is cyclical.”

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