The Traderszone Network

Published in TZ Latest News 13 August, 2015 by The TZ Newswire Staff

Goldman Sachs to buy GE Capital’s U.S. online deposits

About $16 billion of deposits will be transferred to Goldman Sachs Bank USA, General Electric Co (GE.N) said in a statement on Thursday. The deal gives Goldman a starting point to expand its deposits collection from retail customers. This will make the bank a little bit more like a universal bank and a little less like the standalone investment bank it has historically been.