Goldman Sachs expands transaction bank to Britain By Reuters – Investing.com
- Date: 21-Jun-2021
- Source: Investing.com
- Sector:Financial Services
- Country:Middle East
Goldman Sachs expands transaction bank to Britain By Reuters – Investing.com
LONDON (Reuters) - Goldman Sachs (NYSE:) has launched its transaction bank in Britain, the firm said Monday, expanding the business after launching in the United States last year as it looks for steadier sources of revenue beyond its investment bank.
The bank is to offer companies in Britain cash management services such as payment processing and payroll as it continues to grow in the country having launched its retail brand Marcus there in 2018.
Goldman Sachs said its transaction banking business in the United States has attracted more than 250 clients since June last year, taking in more than $35 billion in deposits and processing trillions of dollars through its systems
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