By John Glenday

Goldman Sachs is seeking to court business from mere mortals in addition to the super rich with the launch of an internet bank that carries a $1 minimum deposit.

The investment bank has previously been best known for courting depositors with sums ranging into the tens of millions but in an effort to broaden its appeal, Goldman is targeting the mass market with GS Bank.

Armed with a dollar bill US citizens can sign up for an account earning an annual yield of 1.05 per cent.

The low bar to entry was spurred by Goldman’s recent acquisition of GE Capital Bank as the Read full story ›

Source: The Drum