Seeking Alpha

Goldman Sachs (GS) is not at a funding disadvantage because it doesn't take deposits, says COO...

Goldman Sachs (GS) is not at a funding disadvantage because it doesn't take deposits, says COO Gary Cohn. It's a misperception, he says, pointing out deposits can only be used to fund certain areas of a bank's business. "Our investment-banking business is on equal footing with everyone else's."
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