Goldman Sachs' new online lending business just hit a $2 billion milestone

Marty ChavezGoldman SachsGoldman Sachs CFO Marty Chavez
  • Goldman Sachs launched Marcus, an online lending business for customers seeking loans of $US30,000 or less, in October 2016.
  • The business hit a $US2 billion milestone last night, according to CFO Marty Chavez.

Goldman Sachs’ Marcus business just hit a $US2 billion milestone.

The US bank launched online lending business Marcus last October, and passed the $US1 billion mark this summer. And in a September presentation, the bank said it expected to have lent out $US2 billion by year end. But in a presentation on Tuesday, chief financial officer Marty Chavez said the bank hit that milestone last night.

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