Goldman Sachs reportedly wants to double its lending to its most affluent customers. This plan would play out over the next five years for clients with account sizes of more than $10 million, the bank’s private banking chief told Reuters Thursday (June 13). The goal is to...
For corporates, especially smaller Main Street businesses, private credit (aka private debt) appears as an avenue through which they can get the capital they need. And for the lenders, the opportunity is ripe to tap into a market worth trillions of dollars. As has been...
Goldman Sachs is reportedly increasing its efforts to court ultra-rich clientele. The banking giant has been more focused on lending to private wealth customers — those with an average of $60 million deposited, The Wall Street Journal (WSJ) reported Sunday (Jan. 14). In addition, the...
Goldman Sachs is selling its personal finance business to investment adviser Creative Planning. The deal, announced Monday (Aug. 28), comes one week after the news that Goldman was considering a sale of its personal finance management (PFM) business in its shift away from retailing banking. According to a news release,...
January 15, 2024
For corporates, especially smaller Main Street businesses, private credit (aka private debt) appears as an avenue through which they can get the capital they need. And for the lenders, the opportunity is ripe to tap into a market worth trillions of dollars. As has been noted through the past year, and as has been a […]
September 18, 2024
America’s largest bank is increasing its expansion efforts outside the U.S. J.P. Morgan Chase is hiring bankers in cities like Stockholm and Copenhagen to expand its Nordic business and take on European banks, officials from the lender told Bloomberg News in an interview Wednesday (Sept. 18). And a report Wednesday from Reuters notes that CEO […]
June 13, 2024
Goldman Sachs reportedly wants to double its lending to its most affluent customers. This plan would play out over the next five years for clients with account sizes of more than $10...
January 14, 2024
Goldman Sachs is reportedly increasing its efforts to court ultra-rich clientele. The banking giant has been more focused on lending to private wealth customers — those with an average of...
August 28, 2023
Goldman Sachs is selling its personal finance business to investment adviser Creative Planning. The deal, announced Monday (Aug. 28), comes one week after the news that Goldman was considering a sale of its personal...
