A screen at a trading post on the floor of the New York Stock Exchange is juxtaposed with the Goldman Sachs booth, Thursday, Oct. 16, 2014. Goldman Sachs Group Inc. on Thursday reported third-quarter profit of $2.24 billion. (AP Photo/Richard Drew) Goldman Sachs has traditionally functioned like a run-of-the-mill investment bank. Minimums to open an account were in the range of $10 million, and returns were not guaranteed. While that will¬†still remain true for the firm’s wealth management arm, Goldman is opening its doors to the masses with the launch of GS Bank, an FDIC-insured, Internet-based savings bank. And just what do we… Read More

Source: News