Marcus

Fed Wants More Information From Goldman on Marcus Risk Management

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. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Goldman Grows Installment and Card Loans but Charge-Offs Soar
Goldman Grows Installment and Card Loans but Charge-Offs Soar
January 17, 2023  |  Earnings

Goldman Sach’s struggles in consumer lending and cards were telegraphed – but now they are etched in stone. Get the Full Story Complete the form...

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Goldman’s Platform Losses Show Embedded Finance’s Path May Be Rocky
Goldman’s Platform Losses Show Embedded Finance’s Path May Be Rocky
January 13, 2023  |  Digital-First Banking

Marcus aside, Goldman Sachs has heavy lifting ahead as the Wall Street giant pursues embedded finance. Get the Full Story Complete the form to unlock...

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Goldman Sachs Reports $1.2B Loss on Consumer Platforms in 9 Months
Goldman Sachs Reports $1.2B Loss on Consumer Platforms in 9 Months
January 13, 2023  |  Banking

Goldman Sachs’ credit card and installment lending business lost $1.2 billion during the first three quarters of 2022. Get the Full Story Complete the form...

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Savings Accounts Play Larger Role in Bank vs Neobank Battle
Savings Accounts Play Larger Role in Bank vs Neobank Battle
January 05, 2023  |  Digital-First Banking

Banks risk losing customers to neobanks — and a key battleground may lie with savings accounts.  Get the Full Story Complete the form to unlock...

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Goldman Plans to Cut Consumer Banking Staff and Marcus Personal Loans
Goldman Plans to Cut Consumer Banking Staff and Marcus Personal Loans
December 12, 2022  |  Banking

Goldman Sachs reportedly plans to make cutbacks in its retail banking business.  Get the Full Story Complete the form to unlock this article and enjoy...

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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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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. Get the Full Story Complete the form to unlock this article and...

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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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