AMWatch

Goldman Sachs delays launch of new private wealth platform

As a result of the corona crisis, the US bank has decided to postpone the launch of a platform to manage the money of clients with smaller private fortunes.

Photo: Brendan Mcdermid/Reuters/Ritzau Scanpix

The corona crisis has led to a more cautious approach at one of the world's largest banks, which is now postponing an important launch.

The Financial Times reports that Goldman Sachs is now waiting until 2021 to launch a platform to help clients with over EUR 4,500 (USD 5,000) in investable private fortunes to manage their money. The platform will build upon the bank's 2019 purchase of United Capital, which cost the bank EUR 680 million (USD 750 million).

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Nasdaq reports record year in Europe

In 2021, the number of new equity listings on the Nasdaq exchange in Copenhagen broke the old record set in 2007, and in Stockholm, the exchange recorded its highest-ever number of new listings. Nasdaq also had increasing trading volumes last year.

Further reading

Related articles

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch