The Street -
14 Aug 2015 16:28
NEW YORK (TheStreet) -- Goldman Sachs just got one step closer to becoming a bank for the people. On Thursday, the New York-based investment bank announced that it agreed to acquire the online platform of General Electric's GE Capital Bank, with roughly $16 billion in deposits. Must Read: Warren Buffett's Top 10 Dividend Stocks The move, which is subject to regulatory approval, comes amid GE CEO Jeff Immelt's dash to wind down GE Capital while aiming to boost earnings from industrial segm...
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