Financial Times FT.com

Lehman Brothers

Goldman increases fundraising to $10bn

By Henny Sender and Greg Farrell and Francesco Guerrera in New York

Published: September 23 2008 22:58 | Last updated: September 24 2008 18:27

Goldman Sachs has raised $2.5bn in addition to the $7.5bn announced on Tuesday night as investor demand for a share offering prompted the investment bank to double its size.

The latest fund raise brings in a total of $10bn for Goldman from Warren Buffett and other investors, fortifying its financial base as it begins its transition from Wall Street broker to Federal Reserve-regulated bank holding company.

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