The rise of digital banking — and specifically, consumer lending — looks set for renewed focus from regulators. As reported last week, the Federal Reserve...
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....
Banks risk losing customers to neobanks — and a key battleground may lie with savings accounts. And in that case, the advantage may go to...
Goldman Sachs reportedly plans to make cutbacks in its retail banking business. The Financial Times reported Monday (Dec. 12) that the firm is considering cutting...
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...