David Solomon calls a top to SPAC mania

Dan DeFrancesco

Jan 20, 2021, 20:22 IST

NEW YORK, NY - SEPTEMBER 9: Two men look out the window of the 63rd floor of One World Trade Center toward Manhattan prior to an event to commemorate the federal government's return to One World Trade Center, September 9, 2016 in New York City. U.S. Customs and Border Protection, Federal Office of Emergency Management, and General Services Administration will have office space at One World Trade Center. (Photo by Drew Angerer/Getty Images)Drew Angerer/Getty Images

Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:

Goldman Sachs CEO David Solomon sounds a warning on the SPAC boom
Merrill Lynch trainees keep breaking cold-calling rules
A 40-year wirehouse veteran is making a comeback

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Goldman Sachs gives an update on its grand plans

We're one year out from Goldman Sachs' big blowout of its long-term plans at its 2020 investor day.

And while a lot has happened since January 2020, that doesn't mean it's not worth checking in on how one of Wall Street's top banks is doing when it comes to its future plans.

From the future of its consumer bank, Marcus, to thoughts on SPAC mania, we've got the rundown of all the important nuggets from Goldman's fourth-quarter and full-year earnings report.

Click here to read the entire story.

Merrill Lynch's pipeline for thousands of new advisors is 'in limbo' as the firm overhauls its training program and deals with ongoing cold-call violations

Financial advisor trainees at Merrill Lynch Wealth Management keep calling people they shouldn't, and it's turning into a big problem. Read more here.