“Goldman Sachs hadn’t been moving fast since receiving approval to become a bank holding company, but now the pace is starting to pick up since the bank got a New York state bank charter last week. It’s now expected to name Gerald Corrigan, a former president of the Federal Reserve Bank of New York, as chairman of its banking subsidiary, Goldman Sachs Bank USA.”–The Deal
“Starting a bank costs less than most people think and can be operated as a bank and/or hedge fund. A simple one person “turn-key” operation.”–PRinsider
“Five years ago, fashion designer/Rock Republic Cult Leader, Michael Ball, “got financial backing, suppliers, and manufacturers together and began selling his high-end jeans for $300 from specialty stores within the city. A cult following soon developed.
Denim is an $11 billion industry in the U.S. and has been growing at around a 5 percent to 7 percent clip in recent years. Premium labels such as Rock & Republic now account for a 7 percent chunk of the total market.“Consumers will pay $300 for the right pair of jeans, they see it as an investment.”–Marshal Cohen, NPD chief industry analyst. “