Marcus

Report: Goldman Sachs Nearing Sale of GreenSky Unit
Report: Goldman Sachs Nearing Sale of GreenSky Unit
September 20, 2023  |  Acquisitions

Goldman Sachs is reportedly in advanced talks with possible buyers for its FinTech lender GreenSky. As the Wall Street Journal (WSJ) reported Tuesday (Sept. 19),...

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Report: Goldman Sachs Completes $1 Billion Loan Sale to Varde
Report: Goldman Sachs Completes $1 Billion Loan Sale to Varde
July 13, 2023  |  Loans

Goldman Sachs has reportedly completed a $1 billion loan sale to the investment firm Varde as part of its plans to exit from its Marcus consumer loan business. Varde bought...

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JPMorgan Chase’s Consumer Deposits ‘Slightly Down’ Over Banking Crisis and Rates
JPMorgan Chase’s Consumer Deposits ‘Slightly Down’ Over Banking Crisis and Rates
June 13, 2023  |  Banking

The banking industry is facing several challenges concerning consumer deposits, according to Jennifer Piepszak, co-CEO of JPMorgan Chase’s consumer and community banking unit.  Piepszak has predicted...

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Report: Online Banks’ Deposits Grow as Regionals Struggle
Report: Online Banks’ Deposits Grow as Regionals Struggle
June 04, 2023  |  Digital-First Banking

It is apparently a good time to be an online bank. As The Wall Street Journal reported Saturday (June 3), these banks took in more deposits than...

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Goldman’s Detour From Main Street Consumers Shows Challenges of Digital Banking
Goldman’s Detour From Main Street Consumers Shows Challenges of Digital Banking
February 28, 2023  |  Digital-First Banking

For Goldman Sachs, the journey down Main Street now seems like an ill-advised detour. As reported here, the white-shoe investment bank is mulling what’s next for its...

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Goldman Sachs Reveals Multi-Agency Credit Card Probe
Goldman Sachs Reveals Multi-Agency Credit Card Probe
February 27, 2023  |  Bank Regulation

A federal investigation into Goldman Sachs’ credit card business has apparently expanded. The Wall Street giant revealed last year that the Consumer Financial Protection Bureau (CFPB)...

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Former Head of Goldman’s Marcus Unit Leaving Company
Former Head of Goldman’s Marcus Unit Leaving Company
February 10, 2023  |  Personnel

A former head of Goldman Sachs’ mass-market retail effort, Marcus, is reportedly leaving the bank. Peeyush Nahar, who joined Goldman Sachs in 2021 to lead the...

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Fed’s Goldman Probe and Regulators’ Remarks Signal Heightened Digital Lending Scrutiny
Fed’s Goldman Probe and Regulators’ Remarks Signal Heightened Digital Lending Scrutiny
January 23, 2023  |  Bank Regulation

The rise of digital banking — and specifically, consumer lending — looks set for renewed focus from regulators. As reported last week, the Federal Reserve...

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Fed Wants More Information From Goldman on Marcus Risk Management
Fed Wants More Information From Goldman on Marcus Risk Management
January 20, 2023  |  Bank Regulation

The Federal Reserve is reportedly investigating Goldman Sachs’ consumer business, Marcus. The Wall Street Journal (WSJ) reported Friday (Jan. 20) that the regulator is looking...

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