One of the best ways to learn what is going on during the current crisis is to attend live virtual...
In an interview on CNBC last week Goldman Sachs CEO Lloyd Blankfein shared some news about their consumer lending platform....
The move by Goldman Sachs into retail banking with Marcus has been a big shift for the bank and thus far has paid off; speaking to CNBC Goldman Sachs CEO Lloyd Blankfein talked about their move to consumer lending, their expansion of digital banking with Marcus and the focus on developing in house technology. Source.
CNBC is reporting that Goldman Sachs has quietly launched a new point of sale installment loan product with JetBlue as...
I examine the unbelievable transformation and restructuring happening in high finance. Global bank HSBC is planning to lay off over 10% of staff, looking at reductions of 35,000. E*TRADE is being acquired by Morgan Stanley, integrating its 5,000,000 accounts and $360 billion of assets into the Wall Street investment firm. Legg Mason and its $800 billion of assets are being folded into Franklin Templeton for $4.5 billion, less than what Visa had paid for fintech data aggregator Plaid and half of what Robinhood is likely valued privately. How do we make sense of these developments? How do we appeal to the heart?
Apple and Goldman Sachs have partnered on a new credit card which will include iPhone features to help people manage...
I started writing about marketplace lending back in 2010, so I have spent almost the entire decade immersed in this...
Online lending platform Marcus by Goldman Sachs is now open to all borrowers; the bank launched its lending platform in October 2016 for borrowers receiving an email code; like other marketplace lending platforms it offers low borrower interest rates; one of its leading advantages is that it offers no fees; Goldman Sachs will announce its fourth quarter earnings in January with insight expected on the new platform's business. Source
We reported earlier this week on JPMorgan’s secret digital banking project underway in London; this news comes soon after the...
There was an interesting article in Bloomberg yesterday on Marcus. Bloomberg cites sources claiming that Marcus will be scaling back...