Goldman Sachs Would Consider Europe Wealth Acquisitions, CEO David Solomon Says

The transcript discusses Goldman Sachs' recent acquisition of United Capital in the U.S. to boost its wealth management platform, Echo. The company is also focusing on expanding its market share in Europe through both acquisitions and organic growth. Additionally, the potential for bank consolidation in Europe is explored, highlighting the benefits and challenges, including regulatory hurdles and the need for a consolidated European leader.

What potential benefits of banking consolidation in Europe are discussed?

What factors might affect the possibility of banking consolidation in Europe?