Goldman Sachs and Amazon are in talks to extend loans to small and medium-sized businesses, in a partnership that would pair Goldman’s brand with Amazon’s lending platform. It’s Goldman’s most recent push into Main Street banking. Goldman previously partnered with Apple to launch the Apple Card last march. Visit Business […]
Apple snubbed Goldman Sachs when it unveiled Apple Card in August. The investment bank spent about $US300 million to build the credit card and reassigned thousands of its engineers to finish it on time, according to the Wall Street Journal, yet the iPhone maker debuted it with the slogan, “Created […]
Marcus, Goldman Sachs’ Main Street banking arm, is cutting interest rates on savings accounts from 2.25% to 2.15%. Marcus follows Ally, which is the only other high-yield savings account that has cut its rates. This is the first time rates have been cut for either account. The move comes after […]
Goldman Sachs has been going through some massive changes under CEO David Solomon. It’s taken big steps involving transparency and inclusion to change up its culture. After its first-ever investor day in early 2020, the firm is looking to execute on targets including multi-year cost-cutting plans. And it’s making big […]
Goldman Sachs is partnering with Apple to launch a new credit card paired with fresh iPhone features, according to a story from The Wall Street Journal on Thursday. It will be the first consumer credit card launched by Goldman Sachs, which has been active in the retail-banking space for only […]
Goldman Sachs launched its Marcus product in the UK in early October and has already raised $US7 billion in deposits. Marcus has been a big hit in the UK so far with over 100,000 people signing up. “We were the beneficiaries of hitting a nerve in the UK market where […]
Goldman Sachs is creating a new, combined consumer and investment management division, according to a memo on Monday. The new unit will be led by existing Goldman investment management heads Tim O’Neill and Eric Lane. The move is intended to allow Goldman’s consumer digital finance business to grow its customer […]
Goldman Sachs has cut loan origination targets for its consumer lending platform Marcus for 2019, according to a Bloomberg report. The pullback reflects the firm’s growing concerns about the consumer debt market, the report said. Marcus is a key part of Goldman CEO David Solomon’s growth plans for the bank. […]
Marcus, Goldman Sachs’ first retail offering in the UK signs up 50,000 customers in less than two weeks. The bank is offering a savings account with a 1.5% interest rate to UK customers. User signups have been far above the bank’s “most ambitious expectations” it said. Marcus, the first ever […]
If you’re not an avid follower of British retail banking, you might not have noticed that last week Goldman Sachs quietly launched its Marcus savings account in the UK. There was little fanfare beyond the press around the UK launch of Goldman’s first foray into consumer banking, after 150 years […]
Goldman Sachs is launching its online retail bank Marcus to UK staff. A full roll-out will follow “in the coming weeks.” Goldman launched Marcus in the US in 2016 and it has since written over $US2 billion worth of loans. LONDON – Goldman Sachs on Thursday soft-launched its online retail […]
Goldman Sachs plans to launch its consumer-focused savings and lending business Marcus in the UK. The investment bank is currently recruiting for at least six positions in London for Marcus. The bank says Marcus has the “entrepreneurial spirit of a tech start-up.” LONDON – Goldman Sachs is recruiting engineers in […]
Goldman Sachs revamped its retail banking service to become “Marcus by Goldman Sachs,” with online offerings for just about anyone to use. One element of Marcus is a high-yield savings account, with a 1.50% annual percentage yield and no transaction fees or minimum account balance. While interest rates for many […]
Goldman Sachs is revamping GS Bank, its online...
Goldman Sachs launched Marcus, an online...
Goldman Sachs, the financial services...
LONDON -- Goldman Sachs is planning to...