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Text size [+][-]  Tuesday February 9 2010GLOBAL EDITION

Considered view
03 Dec 2008 21:29

Fallacy of deposition

Context News

Goldman Sachs is considering launching an online bank. The investment bank has about $20bn of deposits and close to $130bn of assets that can be financed with deposits.

Similarly, Morgan Stanley and General Electric have said they seek to increase deposit gathering activities.

Financial institutions ranging from Morgan Stanley to GE Capital are trying to beef up their deposit gathering. Goldman Sachs is even considering launching an online bank. But they may find their dash for retail dollars isn’t the panacea they had hoped.

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