Received $60 Million? Goldman Sachs Needs to Lend You Extra

Goldman Sachs has given up on lending to Principal Avenue customers. Now it’s doubling down on rich purchasers.

The Wall Avenue big is rising lending to its private-wealth purchasers, people and households who on common have $60 million with the financial institution. In its buying and selling division, loans to institutional purchasers, together with hedge funds looking for to borrow for inventory purchases, are on monitor to supply the best income in at the least three years.