Markets

Inside a massive transformation at Goldman Sachs

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 […]
Inside a massive transformation at Goldman Sachs
Markets

Goldman Sachs is scaling back expectations for the buzzy 2-year-old service its new CEO is relying on, and it highlights a major concern with the US economy

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. […]
Goldman Sachs is scaling back expectations for the buzzy 2-year-old service its new CEO is relying on, and it highlights a major concern with the US economy
Markets

Goldman Sachs is quietly launching its retail bank Marcus in the UK

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 is quietly launching its retail bank Marcus in the UK