Goldman targets 'mass affluent' borrowers with unusual lending plan
New York
GOLDMAN Sachs Group Inc, the banking gold standard for the world's elite, sees a future in less-prosperous investors.
A creative strategy taking shape inside the bank calls for it to partner small brokerages and wealth management firms to lend money to their clients, many of whom have far less wealth than what's in the typical Goldman private bank account.
The idea is for Goldman to reach a big set of borrowers, in the US and possib…
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