Goldman Sachs CEO Talks CDFI Partnership on CBS This Morning
On April 9, Goldman Sachs CEO David Solomon spoke with Gayle King on “CBS This Morning” about partnering with CDFIs on the new CARES Act Paycheck Protection Program “to get money into very small businesses, particularly in underserved communities and places where the large retail banks might not go.”
Solomon discussed Goldman Sachs’ $550 million pledge toward COVID-19 relief efforts. A lion’s share of the funding will go to CDFIs and other mission-driven lenders to support small businesses.
Watch the full segment.