UPDATE 1-Goldman Sachs to buy GE Capital's U.S. online deposits

August 13, 2015 9:09 PM

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Aug 13 (Reuters) - Goldman Sachs Group Inc is buying GE Capital Bank's U.S. online deposits, a move that will help the largest U.S. investment bank reduce its reliance on bond markets for funding.

About $16 billion of deposits will be transferred to Goldman Sachs Bank USA, General Electric Co said in a statement on Thursday.

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