Has the music stopped for Goldman Sachs’ DJing boss? | Business

As David Solomon took to the DJ stage at the annual Sports Illustrated club night in Los Angeles last February, life at his main gig — chief executive of Goldman Sachs — was as uplifting as his trademark dance music.

The man who has styled himself “DJ D-Sol” since he started spinning discs in 2015 was seeing profits rolling in at the bank after a near-unprecedented boom in corporate takeovers and flotations.

Covid-19 appeared finally to be retreating; even jitters about potential central bank interest rate rises had been a boon, as clients used Goldman’s vast trading machine to hedge their exposure to gyrations in bonds, foreign exchange and derivatives.

Little could he have known that, just 12 days after that hedonistic night in LA,

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