Goldman Sachs: launches transaction banking in UK
(CercleFinance.com) - Goldman Sachs today announced the launch of Transaction Banking (TxB) in the UK, a service that provides clients with solutions for their day-to-day treasury operations, while optimising their working capital.
Launched a year ago in the US, the service has enabled Goldman Sachs to attract over 250 clients, take in more than 35 billion dollars in deposits and process trillions of dollars through its systems.
The bank said that the growth of this business exceeds its estimates and that it is very pleased to bring TxB to the UK to expand its customer base and streamline banking services for multinational companies that are present in the US and UK.
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