epa05266840 (FILE) A file photo dated 19 January 2011 showing a view of a sign at the Goldman Sachs booth on the floor of the New York Stock Exchange in New York, New York, USA. US investment bank Goldman Sachs said in their earnings press release 19 April 2016 their net revenues in Investment Banking were 1.46 billion USD for the 1st quarter of 2016, 23 per cent lower than the first quarter of 2015 and 5 per cent lower than the fourth quarter of 2015. EPA/JUSTIN LANE
NEW YORK: Goldman Sachs has officially launched an online bank aimed at households and small businesses as it expands from its Wall Street base and aims for the masses.
The online-only GS Bank permits consumers to open an account for as little as US$1, a big shift for a financial powerhouse that has built itself around serving billionaires and giant companies undertaking mega-mergers.
Limited time offer:
Just RM5 per month.
