Skip to main content

Black Listed News
Trending Articles:
Trending Articles:

Goldman Sachs developing in-house private bank

Published: July 18, 2012
Share | Print This


Source: Raw Story
goldman sachs

Goldman Sachs said Tuesday it is developing its private bank for wealthy clients, particularly in fast-growing countries and in Europe, where it hopes to pick up the slack from struggling local banks.

“We’ve been in the wealth business for a long time,” said David Viniar, Goldman’s chief financial officer, said in a teleconference.

With certain European banks retrenching amid the eurozone debt crisis, he said, “there are some of our clients that need dollar funding.”

“We’re growing the private bank out of the US,” he said, noting that today it was “very small but something we intend to grow very rapidly.”

The in-house private bank currently has a little over $100 billion in assets and about $50 billion in deposits, he said.

Read More...

Share This Article...



Image result for patreon

Emigrate While You Still Can!

Loading...


Image result for patreon


PLEASE DISABLE AD BLOCKER TO VIEW DISQUS COMMENTS

Ad Blocking software disables some of the functionality of our website, including our comments section for some browsers.





Login with patreon to gain access to perks!

SIGN UP TO GET BLACKLISTED NEWS DELIVERED RIGHT TO YOUR INBOX

Enter your email address:




More Blacklisted News...

Blacklisted Radio
Blacklisted Nation
On Patreon
On Gab
On Twitter
On Reddit
On Facebook
Blacklisted Radio:
Republic Broadcasting
Podcasts on Youtube
Podcasts on Demand
On Iheart Radio
On Spreaker
On Stitcher
On iTunes
On Tunein

Our IP Address:
198.245.55.242

Sponsors:
Garden office

good
longboard
brands


Advertise Here...






BlackListed News 2006-2019
Privacy Policy