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G.M. to Sell Property in Europe more similar news »
Goldman Sachs Group won approval for a New York State banking license to transform into a bank holding company and take deposits. Goldman Sachs Bank USA will have its headquarters in New York City, the New York State Banking Department said Friday in a statement. Goldman was one of nine major United States banks that received a total of $125 billion under the government’s $700 billion rescue plan for the financial industry. Goldman Sachs’s Utah-based industrial loan company will merge into its New York-state chartered trust company, Goldman Sachs Trust Company, which will in turn become a full-service New York bank with trust powers.
Fri Nov 28, 2008 more from this source»»
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