Goldman Applies For Saudi Trading License

6/2/17

In the latest step by Western banks to expand operations in the country, Goldman Sachs (NYSE:GS) has applied to Saudi Arabia's capital markets regulator for a license to trade equities in the kingdom.

Citigroup (NYSE:C) recently obtained a Saudi investment banking permit 13 years after it left the nation, while Credit Suisse (NYSE:CS) is seeking a license to build an onshore private banking business.

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