Goldman Sachs has given up on lending to Predominant Road shoppers. Now it’s doubling down on rich purchasers.
The Wall Road big is growing lending to its private-wealth purchasers, people and households who on common have $60 million with the financial institution. In its buying and selling division, loans to institutional purchasers, together with hedge funds looking for to borrow for inventory purchases, are on monitor to supply the best income in a minimum of three years.
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