Goldman Sachs on the Prowl for Takeovers, Eyeing Up BNY Mellon, State Street and Other Institutions: Report

Description

Banking giant Goldman Sachs is looking to take over smaller financial institutions, with several firms already on its radar, the New York Post reports. In an op-ed for NYP, finance journalist Charles Gasparino says that a CEO of a financial services giant revealed that, because of more lax regulations, banks are on the prowl for acquisitions. Says the unnamed source, “Because of the Fed’s supervisory relaxation, big bank deals are going to happen… Everyone is talking.” Gasparino says that one po...