Goldman Sachs's unit obtains Hong Kong banking license
August 19, 2015 at 05:05 AM EDT
HONG KONG, Aug 19 (Reuters) - A wholly-owned unit of Goldman Sachs Group received a banking license from The Hong Kong Monetary Authority (HKMA), the HKMA announced on Wednesday, in a step that creates a local subsidiary through which the U.S investment bank can book its trades.
