Last week, when Goldman Sachs Group Inc. (NYSE:GS) was announcing its quarterly earnings, David Solomon, Chief Executive Officer, reported that Goldman's consumer bank, Marcus, had experienced a 67 percent rise in deposits to $60 billion in less than a year.

Laura Noonan writes in the Financial Times about the change in culture that Goldman Sachs is going through and shares some of the excitement about the changes, but also does not leave out all the disruptions taking place within the company, given the transformation to the new internal culture.

The problem is that Mr. Solomon, who has been in this leadership position since October 2018, would like the cultural shift to be in place, now. The company waited a long time to change, as will be noted below, and now, must accept the fact that it is playing catch up.

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