Goldman sets M&A pace with freed capital

Goldman Sachs is among the leading bidders for Palmer Square Capital, a firm with $37 billion under management that invests primarily in corporate debt, Bloomberg reported on September 22, citing unnamed sources.

The mega-bank is eyeing yet another takeover target: Palmer Square, a corporate debt shop that manages $37 bln. Few peers have used their deregulation windfalls so acquisitively. Although boss David Solomon's deal track record is patchy, others may feel pressure to follow.