Odaily Planet Daily News Goldman Sachs CEO David Solomon has a fairly clear view of the trend of the banking industry. He said that consolidation must occur, adjustments must be made, and people will have to rethink their business models. He said: "While the Fed's rate hikes are a game-changer for banks, some of the damage has been years in the making. For the past 15 years, money has been essentially free. Where you put your money really matters It doesn’t matter. Now we have a policy rate, which is 5%. With digital banks, people can move money more easily.” Solomon acknowledged that banking operations have consolidated, but expected more consolidation in the future, and said that regulatory banks Numerous regulatory agencies will play key roles in this process. (MarketWatch)