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Goldman Sachs(GS Quote) is weighing whether to launch an Internet banking operation, the Wall Street Journal reports, citing people familiar with the situation.
If Goldman goes ahead with the plan, the new unit will seek deposits that can be used to fund various businesses now that Goldman is a bank-holding company. The possible online bank hasn't been named yet, and many details of its operating plans are undecided. It is likely to offer a range of savings products, such as certificates of deposit, according to the Journal.
The Journal reports the Internet push would be a small but important part of the firm's emerging strategy as it tries to find its way on the new Wall Street. ...
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