Why Goldman Opened an Online Bank

The video discusses Goldman Sachs' new online initiative, GS Bank, and its strategic pivot due to regulatory changes. It explores how regulations favor deposits over other funding types, leading banks like Goldman Sachs and Morgan Stanley to adapt. The video also covers the introduction of online lending platforms and the impact of liquidity rules set by the Basel Committee. Finally, it compares these banks to larger institutions like JP Morgan, highlighting the growth in deposits post-crisis.

In what ways have larger banks benefited from the financial crisis according to the text?

What interest rate is Goldman Sachs offering for savings accounts, and how does it compare to others?