08:28 AM EDT, 06/13/2024 (MT Newswires) -- Goldman Sachs ( GS ) targets to double its lending to ultra-wealthy private bank clients with accounts over $10 million within the next five years, Reuters reported Thursday, citing Nishi Somaiya, Goldman's global head of private banking, lending and deposits.

The company said it would deepen relationships with ultra-high net worth clients, who have a broad choice of lenders and are infrequent borrowers, and increase revenue by offering loans against assets like art and alternative investments.

Goldman Sachs ( GS ) did not immediately respond to MT Newswires' request for comment.

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