Really? Goldman to open an online bank?

Wow, how times have changed. Goldman Sachs is apparently mulling opening an online bank. I just can't see it. Can anyone out there really envision getting a Goldman Sachs toaster in the mail for opening an online account? But Goldman faces a new world of banking, and as of now you have to wonder how it will acquire deposits in a hurry. There's lots of talk of organic deposit growth but if it intends to be a banking leader it may need to do something drastic, way beyond opening a Net bank. It may be glad that Citi CEO Vikram Pandit turned it down, but one would think that an acquisition would be a likely path. So I'm puzzled that the Goldman has yet to seek a national bank charter, unlike Morgan Stanley.

For more:
- here's the article

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