Goldman Sachs CFO: the bank is seeing early signs of consumer credit deterioration.

Goldman Sachs CFO, Coleman said: the bank is seeing early signs of consumer credit deterioration.

Recently, they also noted during their earnings that: “We tried to do too much too quickly,” CEO David Solomon said on the earnings call. “I think we probably in some places haven’t had all the talent that we needed to execute the way we wanted.”

"If things haven’t gotten better in the first quarter, we’ll have more changes," compensation consultant Alan Johnson said. “You can’t have these expensive people sitting around with nothing to do.”

"We are seeing early signs of credit deterioration that are in line with our expectations," Coleman said. "We anticipate further pressure in 2023."

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