Goldman Sachs plans to expand Swiss investment bank: source

Goldman Sachs plans to expand Swiss investment bank: source

Brendan McDermid

The bank hopes to receive the approval for the switch from Switzerland's Financial Market Supervisory Authority, FINMA, next year, the person said.

The Wall Street giant's trading business in Switzerland is part of Goldman Sachs International, its European arm.

News of the Swiss expansion was reported earlier by Bloomberg News.

(Reporting by Oliver Hirt; Writing by Joshua Franklin)

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