SoftBank's Semiconductor Unit Arm Files for IPO

The transcript discusses Goldman Sachs' strategic decisions under David Solomon's management, focusing on acquisitions like United Capital and Green Sky. The bank aimed to expand beyond servicing ultra-high-net-worth clients to the mass affluent market, similar to its consumer banking strategy. However, these efforts did not yield the expected results, leading Goldman Sachs to refocus on its core strengths. The bank's aggressive return on equity target remains unmet, prompting a shift back to areas where it can execute well and drive profitability.

What was the duration of the round trip for the deal discussed in the first section?

• Eight years

• Six years

• Four years

• Two years

What was the primary goal of Goldman Sachs in acquiring United Capital?

• To expand into the mass affluent market

• To reduce operational costs

• To enter the ultra-high-net-worth market

• To improve their digital banking services

Which market was Goldman Sachs traditionally known for serving before attempting to expand?

• Mass market

• Mass affluent market

• Ultra-high-net-worth market

• Small business market

What was the aggressive return on equity target set by Goldman Sachs?

• 5%

• 20%

• 10%

• 15%

What conclusion did Goldman Sachs reach regarding their strategy with United Capital?

• To continue expanding into new markets

• To increase investment in digital banking

• To focus on their core strengths

• To merge with another financial institution