TELETRADER News
3/10, 7:09 PM (Source: TeleTrader)
more TeleTrader news

Goldman Sachs is 'open to acquisitions'

Chief Financial Officer of Goldman Sachs, Stephen Scherr, stated on Tuesday that the company is "very open" to possible acquisitions, especially those that would elevate the growth of its business.

Speaking on the conference call, Scherr said that they are "very open to the proposition of acquisitions that fill gaps or accelerate elements of our growth plan," but that the bank is not currently looking to do "larger material transactions in the near term."

Regarding the wide-spreading coronavirus, Scherr noted the bank is closely watching risk in all market sectors and has seen a "reduction broadly in liquidity" and some challenges in the "cost of funding."

Breaking the News / TF