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

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

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."