Goldman Sachs is taking on big-bank rivals that dominate the $32 billion corporate cash-management business
Goldman Sachs Group Inc.—the go-to bank for complex trades and high-stakes mergers—is trying to become a player in the staid business of managing corporate cash.
The firm will soon begin marketing new bank accounts for corporate treasurers and chief financial officers to manage and move their cash. It is Chief Executive David Solomon’s latest move to transform the bank, and it comes during a time of economic uncertainty and market turmoil that has clouded the outlook for companies big and small.
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