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Goldman Sachs expands i-banking coverage

Goldman Sachs Group Inc. is increasing its investment banking coverage universe by 1,000 companies, focusing on both private and public companies.

Of the new target clients, the company has started covering more than 30% and expects to add the remainder in the next 12 to 18 months. It currently has more than 8,000 clients.

Goldman Sachs is also expanding its presence in North America and appointing more bankers in Atlanta, Dallas, Seattle and Toronto.