Solomon, who recently laid off more than 3,200 workers in what was dubbed “David’s Demolition Day,” was pounded with questions from Wall Street analysts about the bank’s str…
but did not elaborate on any options. The consumer banking division has lost more than $3 billion since 2020.
In one heated exchange, Wells Fargo bank analyst Mike Mayo asked why Solomon didn’t just “call it a day” and close down the consumer business entirely. Solomon emphasized the bank would continue to focus on its core franchises — and “would’ve said more if there was more to say.”
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