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...
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...
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...
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...