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...
The rise of digital banking — and specifically, consumer lending — looks set for renewed focus from regulators. As reported last week, the Federal Reserve...
Despite concerns over consumer spending, PYMNTS’ ConnectedEconomy “CE 100” Stock Index gained ground this past week, as it extended its recent run with another 1%...
Banks are set to undertake the largest wave of job cuts in 15 years amid declining revenues. Industry watchers told the Financial Times (FT) the...
Add the mayor of Washington, D.C., to the list of people calling for an end to remote work. As Politico reported Friday (Jan. 20), Muriel...
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...
Goldman Sach’s struggles in consumer lending and cards were telegraphed – but now they are etched in stone. As reported on Tuesday (Jan. 17), and...
Marcus aside, Goldman Sachs has heavy lifting ahead as the Wall Street giant pursues embedded finance. As reported in SEC filings from Friday (Jan. 13),...
Goldman Sachs’ credit card and installment lending business lost $1.2 billion during the first three quarters of 2022. The firm said in a Thursday (Jan....