Wall Street investment bank Goldman Sachs is moving into online lending as part of a plan to diversify its revenue sources, the Financial Times reports. Goldman Sachs hired the president of credit card company Discover Financial Services, Harit Talwar, to head the new business and bought a US$16 billion book of deposits from GE Capital as a funding base. Goldman will lend to consumers and small businesses using an online platform modelled on those used by fast-growing online lenders, such as Lending Club and Prosper. The European Banking Authority yesterday published its debut list of "Other Systemically Important Institutions," a category the EBA defined as those "deemed systemically relevant in addition to Global Systemically Important Institutions (or G-SIIs), already identified." The EBA listed 173 banks as OSIIs, each of whom may be subject to supplementary capital requirements. The additional buffers disclosed by the EBA range from zero per cent to two per cent. Staff at Wangzhou Fortune, a Chinese peer-to-peer lender, contacted police last week after the company's chairman could not be contacted, CNBC reports. There was concern that Yang Weiguo had absconded with investors' funds but the chairman contacted the company on Monday to say he was in the Gobi Desert meditating over the company's strategy. Chinese regulators are cracking down on the country's P2P sector in response to a series of scandals, in which a number are alleged to have defrauded investors.