Goldman Sachs Goes Big on Lending to the Wealthy

Goldman Sachs has given up on lending to Main Street consumers. Now it’s doubling down on wealthy clients.

The Wall Street giant is increasing lending to its private-wealth clients, individuals and families who on average have $60 million with the bank. In its trading department, loans to institutional clients, including hedge funds seeking to borrow for stock purchases, are on track to produce the highest revenue in at least three years.