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Exclusive: Goldman props own money-market funds with $1 billion after heavy withdrawals

FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor
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(Reuters) - Goldman Sachs Group Inc had to prop up two of its prime money-market portfolios this past week with more than $1 billion in capital due to heavy investor withdrawals, according to a disclosure filing with the U.S. securities regulator.The Wall Street bank purchased $722.4 million in assets from its Goldman Sachs Financial Square Money Market Fund and $301.2 million from its Goldman..
Date Published: Mar 21, 2020
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