"Goldman Sachs: A Legacy Fades Away"

The once-feared and prestigious investment bank, Goldman Sachs, is facing a crisis of confidence as leaks from senior levels within the firm and criticism of CEO David Solomon have eroded its mystique. The bank's attempts to imitate Morgan Stanley and venture into retail banking resulted in a $3.8 billion loss, highlighting a shocking failure for a firm known for its intelligence. The sniping and internal divisions reflect a deeper existential fear about the changing landscape of Wall Street. While Solomon has made efforts to refocus the bank on client-centered services, doubts remain about whether Goldman Sachs can maintain its status as the last great investment bank.