Goldman Sachs Group Inc said on Friday it will exit transaction banking in Japan.
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The financial group will close Goldman Sachs Bank USA Tokyo Branch, whose sole purpose was to support transaction banking in Japan, it said in an emailed statement.
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"While remaining focused on growing transaction banking as a strategic priority, we are stepping back from building out this business here in Japan," Goldman Sachs said.
The exit was first reported by Bloomberg News on Friday.
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