Goldman Sachs is 'very open to acquisitions': CFO

This post was originally published on this site

By Elizabeth Dilts Marshall

NEW YORK (Reuters) – Goldman Sachs Group Inc (N:) Chief Financial Officer Stephen Scherr said on Tuesday the bank is “very open to acquisitions” that can help the bank fill gaps or help the bank speed up growth of certain businesses.

Speaking at a conference that was taking place via webcast due to coronavirus concerns, Scherr also said the bank currently has no known cases of coronavirus among its staff.

He said the bank has been monitoring risk in the markets, which have been roiled in recent weeks by investor fears over the flu-like virus.

Scherr said the bank has seen a “reduction broadly in liquidity” and some challenges in the “cost of funding,” but that there are no major signs right now that corporate clients are under stress.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment