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Why Goldman Sachs is launching an online bank?

Goldman Sachs has officially launched online banking in a bid to attract families and small business with only a $1 deposit required to open an account which has 100 times the interest of other banks. The move comes as the financial institution aims to expand from its Wall Street base and aims for the mass market.

Is Goldman Sachs a safe investment?

Goldman Sachs, investment banking is a multinational company pioneering safe investment transactions, security banking, mutual fund banking and many other easing versions of the same, has held a high place among investment companies and sectors, dealers and bankers.

Is Goldman Sachs really a bank?

Well, no, not really. Goldman Sachs is basically a broker-dealer with a small bank in tow. When you compare the net interest margin of GS with its peers, for example, the other members of Peer Group 1 defined by the FFIEC reported NIM of 3.28% vs 0.41% for GS in Q1'18. Because the bank unit of GS is so small, the overall NIM for the group is ...

Is Goldman Sachs a Jewish company?

No, Goldman Sachs is a corporation hence it has no religion and cannot be Jewish. But yes, Goldman Sachs was founded by Jews. And now we learn from the London Times in a long and penetrating article that the current CEO thinks that he is on a religious mission: "I'm doing 'God's work'. Meet Mr Goldman Sachs.".

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