Goldman Could Roll Out Direct Bank

Goldman Sachs is reportedly mulling the launch of an online banking operation, according to The Wall Street Journal and other reports.

The former investment bank/now commercial bank would likely seek to increase its deposit base by offering a variety of savings products, such as certificates of deposits. The details have yet to be hammered out, says the Journal. Further, Goldman could still potentially buy a retail bank.

Additionally, the Journal says Goldman could also seek deposits through its massive wealth management operation and large corporate clients—deposits that are closer to the core of Goldman's overall banking strategy than retail deposits, according to the Journal.