3 ms·
GS is an investment bank, not a commercial bank.
by beervirus 5y ago
GS is an investment bank, not a commercial bank.
- NovemberWhiskey 5y agoGS is actually a bank holding company; I'm not sure what your comment is actually trying to say though - does it intend to contradict some part of what I wrote?
- beervirus 5y agoThe point is that they have an investment banking arm that is absolutely doing prop trading.
- a11r 5y agoThis stopped being true during the 2008 financial crisis. See https://www.marcus.com/us/en https://www.marcus.com/us/en .
- beervirus 5y agoOk, fine. They’re a bank holding company that includes an investment banking arm. That arm definitely does prop trading though, so my point stands.