If any Wall Street bank CEO is ousted, I can imagine his name coming up. It's clear that all's not fine in Goldman Sachs. But let cooler heads prevail for a second and look at what prompts a board of a large bank to oust a CEO. You don't just wake up one day and say, "There are a bunch of people who don't like this guy"
Bloomberg News Senior Finance Reporter Sri Natarajan breaks down Goldman Sachs reporting second-quarter earnings that fell 58% on an investment-banking slump, real estate markdowns and a goodwill writedown in the consumer business. Dan Morgan, Senior Portfolio Manager at Synovus Trust, shares his insight on Netflix and IBM earnings. David Trainer, CEO of New Constructs, hits Tesla earnings. Ben Walter, CEO of Chase Business Banking, discusses small business owner sentiment. And we Drive to the Close with Bloomberg News Markets Reporter Abigail Doolittle. Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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