Goldman May Shrink Fixed-Income Trading Unit as Blankfein Defends Buybacks

The video discusses the challenges faced by Goldman Sachs under new CEO David Solomon, focusing on the fixed income trading business and compliance issues. It highlights internal problems, such as a dismissed trader's allegations, and the company's efforts to maintain its public image. The video also covers the debate on share buybacks, with opinions from industry leaders like Lloyd Blankfein and Jamie Dimon, and political figures like Bernie Sanders. The discussion emphasizes the tension between reinvesting profits and returning them to shareholders.

What concerns have been raised regarding Goldman's adherence to financial rules?

What are the differing opinions on share buybacks as mentioned in the text?