Goldman Sachs is opening a bank branch in London for ultra-rich depositors and, of course, these deposits are covered by the FDIC and have access to the Federal Reserve discount window. Note that Goldman's first quarter net income for 2013 was $2.26 billion.
On the other hand, Goldman says it is cutting its compensation ratio by 1%. Cutting costs and improving "efficiency" has already been achieved by Goldman's reducing total staff numbers by 10% since 2010.
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According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage". In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia