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Goldman Hit By Charge Related to 1MDB

publication date: Jan 21, 2020
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Image Source: Goldman Sachs Earnings Presentation. 

Aside from dominating the global revenue pools for investment banking and trading, Goldman is doing other things right. The firm has rapidly gathered deposits in the US and UK over the past year, bringing in a lower cost of funds to help facilitate its balance sheet. Goldman has also built up Marcus, Apple Card, and the bank is in the process of growing its asset management business to better serve institutional clients.

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