Goldman Sachs

Goldman Execs Battled Over End of Retail Banking, Report Says
Goldman Execs Battled Over End of Retail Banking, Report Says
October 23, 2022  |  Banking

A decision last week by Goldman Sachs to fold its consumer banking unit Marcus into other operations was the subject of conflict between CEO David...

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Report: Goldman Sachs Aims to Boost Engagement, Retention of Developers
Report: Goldman Sachs Aims to Boost Engagement, Retention of Developers
October 20, 2022  |  Technology

As Goldman Sachs works to build technology and software to optimize the experience of clients, it reportedly also aims to improve the experience of the...

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Sezzle Signs New $100M Credit Facility with Bastion, Replaces Goldman
Sezzle Signs New $100M Credit Facility with Bastion, Replaces Goldman
October 18, 2022  |  BNPL

Buy now pay later (BNPL) firm Sezzle signed a new $100 million credit facility with affiliates of Bastion Management, which will work as an administrative...

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Goldman’s Marcus Logs $110B in Deposits as Digital Bank Refocuses
Goldman’s Marcus Logs $110B in Deposits as Digital Bank Refocuses
October 18, 2022  |  Earnings

Amid the macro headwinds, Goldman Sachs’ digital bank is a work in progress. And now, according to the company, Marcus will be folded into the...

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Report: Goldman Sachs Names Heads of 3 New Operating Segments
Report: Goldman Sachs Names Heads of 3 New Operating Segments
October 18, 2022  |  Personnel

Goldman Sachs has reportedly named the leaders of three new operating segments that the firm outlined in its earnings results presentation released Tuesday (Oct. 18)....

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Major Goldman Reorg Will Fold Consumer Banking Marcus into Wealth Management
Major Goldman Reorg Will Fold Consumer Banking Marcus into Wealth Management
October 17, 2022  |  Banking

Goldman Sachs is reportedly moving forward with one of the most extensive reorganizations in its 153-year history — and the Wall Street bank’s fourth restructuring...

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Apple Lets Card Users Set up Goldman Sachs Savings Accounts
Apple Lets Card Users Set up Goldman Sachs Savings Accounts
October 13, 2022  |  Apple

Apple has launched a new savings account for Apple Card users that lets them save their Daily Cash rewards and grow them in a high-yield...

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Banks Expected to Boost Loan-Loss Reserves for Third Consecutive Quarter
Banks Expected to Boost Loan-Loss Reserves for Third Consecutive Quarter
October 11, 2022  |  Banking

Bank loan-loss reserves are expected to increase for the third month in a row to as much as $4.5 billion as the nation’s six largest...

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Why Goldman’s Marcus May Have Missed the Mark
Why Goldman’s Marcus May Have Missed the Mark
October 10, 2022  |  Digital-First Banking

The best-laid plans, wrote the poet Robert Burns, oft go astray. We’re paraphrasing here, of course. But the poetic sentiment remains apt, given the recent...

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