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Goldman Sachs offers companies payroll and payment services

Goldman Sachs will continue its diversification beyond investment banking with the addition of transaction services in Britain this week, its first international expansion of a division that it added in the United States last year.

It will offer cash management, payroll and payment processing services to business clients. Goldman said that it had attracted 250 clients and $35 billion in deposits in America, a strong start on a five-year plan to hold $50 billion of clients’ money and to secure $1 billion of new revenues.

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