On Tuesday, Goldman Sachs CEO David Solomon said that 2025 will be the year where equities deal, mergers and acquisitions exceed the 10-year average.
After Donald Trump claimed his victory in the U.S. presidential election, bankers have become more aggressive with deals. Many expect that the new administration would do away with many regulations that have weighed down economic movement, though many also said that it is too early to tell what the new Trump economy would look like.
Denis Cloleman, Goldman’s CFO said that he expected to see strategic deals by companies ramping up in 2025, including large-scale M&A and buyouts from private equity firms.
Solomon was also asked about cryptocurrency, to which he replied that it’s up to the regulation as currently the banks are not permitted to own cryptocurrency like bitcoin as a principal.
