Goldman Sachs and BNY Mellon Inject into Money Market Funds

Posted on 03/23/2020

Last week, investors took out tens of billions of dollars from prime money-market funds, which end up buying top-rated corporate debt. On March 19th and 20th of 2020, Goldman Sachs Group Inc. was forced to kick in capital for two of its prime money-market portfolios, as the funds experienced large investor withdrawals. Goldman Sachs Bank […]

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