Bank took the action after investors rushed to withdraw money in panicked markets

Goldman Sachs was forced to pump more than $1.8bn into two of its own funds last week after investors rushed to redeem money amid the Covid-19 panic in global markets.

 $1.45bn worth of securities from the Goldman Sachs Financial Square Money Market fund and an additional $391m from the Goldman Sachs Financial Square Prime Obligations fund. The purchases were conducted over 19 March and 20 March, according to a person familiar with the matter.

Goldman Sachs injects more than $1.8bn into own money-market funds

Goldman Sachs injects more than $1bn into money-market funds

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