Business & Finance
13 June 2024, 5:44 pm 1 minute
Reuters exclusively reported that Goldman Sachs aims to double its lending over the next five years to ultra-wealthy private bank clients with account sizes exceeding $10 million, as it gathers more deposits to supercharge lending.
Market Impact
The expansion of lending to wealthy individuals who have assets of at least $30 million, as well as to private equity firms and asset managers, helps Goldman broaden its business beyond trading and investment banking.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story