{"id":4669,"date":"2008-10-15T15:35:22","date_gmt":"2008-10-15T15:35:22","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/10\/goldman_sachs_applies_for_new_1"},"modified":"2022-03-29T15:58:06","modified_gmt":"2022-03-29T20:58:06","slug":"goldman-sachs-applies-for-new-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/goldman-sachs-applies-for-new-1\/","title":{"rendered":"Goldman Sachs Applies for New York Bank Charter"},"content":{"rendered":"<p>\t\t\t\tGoldman Sachs is applying for a New York bank charter. The application is one of the steps the New York-based investment bank is making in its move to become a commercial bank.<\/p>\n<p>Goldman&#8217;s competitors, <a href=\"https:\/\/www.investorlawyers.com\/bank-of-america-background-information.html\">Bank of America<\/a>, <a href=\"https:\/\/www.investorlawyers.com\/citigroup-background-information.html\">Citigroup<\/a>, <a href=\"https:\/\/www.investorlawyers.com\/morgan-stanley-background-information.html\">Morgan Stanley<\/a>, and<a href=\"https:\/\/www.investorlawyers.com\/jp-morgan-chase-background-information.html\"> JP Morgan Chase<\/a> are banks that have a national charter, which allows banks to open branches in different states without needing to apply for separate charters in each state. Having a New York charter, however, will not prevent Goldman Sachs from opening branches outside the state. <\/p>\n<p>Goldman&#8217;s move to obtain a state charter is a sign that the company may not want a consumer-oriented business that operates on a national level. Rather than focusing on retail banking services, the firm will likely concentrate on managing rich people&#8217;s assets.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/goldman-sachs-applies-for-new-1\/\"  title=\"Continue Reading Goldman Sachs Applies for New York Bank Charter\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Goldman Sachs is applying for a New York bank charter. The application is one of the steps the New York-based investment bank is making in its move to become a commercial bank. Goldman&#8217;s competitors, Bank of America, Citigroup, Morgan Stanley, and JP Morgan Chase are banks that have a national charter, which allows banks to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3754],"tags":[],"class_list":["post-4669","post","type-post","status-publish","format-standard","hentry","category-goldman-sachs-1"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Goldman Sachs Applies for New York Bank Charter &#8212; Investor Lawyers Blog &#8212; October 15, 2008<\/title>\n<meta name=\"description\" content=\"Goldman Sachs is applying for a New York bank charter. The application is one of the steps the New York-based investment bank is making in its move to &#8212; October 15, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/goldman-sachs-applies-for-new-1\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Goldman Sachs Applies for New York Bank Charter &#8212; Investor Lawyers Blog &#8212; October 15, 2008\" \/>\n<meta name=\"twitter:description\" content=\"Goldman Sachs is applying for a New York bank charter. The application is one of the steps the New York-based investment bank is making in its move to &#8212; October 15, 2008\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Goldman Sachs Applies for New York Bank Charter &#8212; Investor Lawyers Blog &#8212; October 15, 2008","description":"Goldman Sachs is applying for a New York bank charter. The application is one of the steps the New York-based investment bank is making in its move to &#8212; October 15, 2008","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/goldman-sachs-applies-for-new-1\/","twitter_card":"summary_large_image","twitter_title":"Goldman Sachs Applies for New York Bank Charter &#8212; Investor Lawyers Blog &#8212; October 15, 2008","twitter_description":"Goldman Sachs is applying for a New York bank charter. The application is one of the steps the New York-based investment bank is making in its move to &#8212; October 15, 2008","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/goldman-sachs-applies-for-new-1\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/goldman-sachs-applies-for-new-1\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Goldman Sachs Applies for New York Bank Charter","datePublished":"2008-10-15T15:35:22+00:00","dateModified":"2022-03-29T20:58:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/goldman-sachs-applies-for-new-1\/"},"wordCount":341,"articleSection":["Goldman Sachs Group, Inc"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/goldman-sachs-applies-for-new-1\/","url":"https:\/\/www.investorlawyers.com\/blog\/goldman-sachs-applies-for-new-1\/","name":"Goldman Sachs Applies for New York Bank Charter &#8212; Investor Lawyers Blog &#8212; October 15, 2008","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2008-10-15T15:35:22+00:00","dateModified":"2022-03-29T20:58:06+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Goldman Sachs is applying for a New York bank charter. 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