|02 April, 2020

Goldman Sachs commits $250mln to CDFI loans for small businesses

Solomon also said that this own employees' "jobs are safe" during this crisis.

A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. Image for illustrative purpose.

A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. Image for illustrative purpose.

REUTERS/David Gray

NEW YORK- Goldman Sachs Group Inc Chief Executive David Solomon said Thursday Goldman is committing $250 million from its balance sheet to community development financial institutions so they can make loans to small businesses hurt by the coronavirus pandemic.

Solomon also said that this own employees' "jobs are safe" during this crisis.

(Reporting By Elizabeth Dilts Marshall) ((elizabeth.dilts@thomsonreuters.com; (646) 223-5063; Reuters Messaging: elizabeth.dilts.thomsonreuters.com@reuters.net))