Goldman Sachs Closer to Becoming Bank

NEW YORK (Nov. 28) - Goldman Sachs Group Inc. on Friday won a charter from New York State's banking department, a key step in the Wall Street bank's effort to change its investment banking model and gather deposits.
The new bank will be called Goldman Sachs Bank USA, and include Goldman Sachs Capital Markets LP, Goldman Sachs Credit Partners LP and Goldman Sachs Mortgage Co, the banking department said. Goldman will merge its Utah-based industrial loan company into its New York-chartered trust company. Goldman Sachs Bank will be based in New York City.


Link to original article.....Goldman Sachs Closer to Becoming Bank - AOL Money & Finance

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