Goldman Sachs looking at Europe's wealthy

Pedro Gonçalves
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Goldman Sachs looking at Europe's wealthy

Goldman Sachs is eyeing the fortunes of Europe's wealthy as the investment bank seeks to diversify its operations beyond the uncertain returns of equity and bond trading, Bloomberg reports. The Wall Street bank said it was studying acquisitions in the European wealth management industry to compete with major players such as UBS and Credit Suisse. Goldman Sachs currently only has a "single-digit" share of the sector,  its chief financial officer, Stephen Scherr, said in an interview wit the...

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