There are advantages to moving downstream — gaining new customers, of course, is a goal for any company. Yet, for Goldman Sachs’ new consumer banking...
There are weeks of smooth sailing in the payments and commerce ocean, and then there are those weeks when the sailing is decidedly rougher. For...
Today in the payments news roundup, FinTech startup Brex is launching a business cash management account to take the place of traditional business bank accounts. Also,...
Saga, a financial company geared to individuals over 50, has teamed up with Goldman Sachs consumer bank Marcus to offer two new savings accounts. The...
House Raises Antitrust Concerns Over Google’s New Internet Plans Congressional antitrust investigators are concerned over Google’s new plan to use a new internet protocol. On...
Consumer bank Marcus, launched by Goldman Sachs in 2016, has lost $1.3 billion despite buying startups and building call centers in Utah and Texas, The...
With “very substantial” investments to create digital platforms as well as new businesses, and its equity market-making business delivering its second-highest quarter in four years,...
Goldman Sachs doesn’t believe its digital brand, Marcus, will suffer the same fate as JPMorgan Chase‘s Finn. Barely more than a year after JPMorgan launched...
Goldman Sachs CEO David Solomon said the firm’s digital Marcus business “getting absolutely no credit from anybody else in the investing community,” according to a...