It's been a bumpy ride folks.. Goldman Sachs. is building an in-house bank to
lend money to wealthy people and companies, in a significant shift that
underlines the harsh business climate facing Wall Street since the financial
crisis.
The New York securities firm, known for its aggressive
trading and big corporate deal-making, is ramping up its activities to become a
private bank to serve wealthy customers around the world. The new unit will
also lend more directly to corporations, some of whom already make investments
and do business with Goldman. Executives have set a goal of $100 billion in
loans, up from $12 billion ...
No comments:
Post a Comment