Goldman Sachs may consider buys of electronic brokerages E*Trade, Charles Schwab
Goldman Sachs (NYSE: GS) may consider buys of electronic brokerage firms E*Trade (NASDAQ: ETFC) or Charles Schwab (NYSE: SCHW), according to Fox Business.
The report cited unidentified bankers and an analyst as saying the current regulatory environment could push Goldman to consider such a deal. The analyst told Fox Business that the firm must find a use for its large cash position that it no longer can put into trading operations.
The information was part of a larger article on Goldman preparing to downsize its fixed-income trading unit in the face of decreasing profitability.
Source Fox Business News