Wall Street Shrugs Off Credit Worries Even as More Cracks Emerge

Top executives from across Wall Street dismissed fears of a brewing credit crisis — even as some of the industry’s biggest names set aside hundreds of millions more to cover potential losses.

Goldman Sachs Group Inc. Chief Executive Officer David Solomon downplayed such worries, arguing he doesn’t see any systemic risk looming in the credit market. Veteran dealmaker Paul Taubman echoed those remarks in a separate interview, while acknowledging there are always “idiosyncratic risks” lurking.