While the new consumer lending unit is still in the early planning stages, Goldman has ambitious plans to offer loans of a few thousand dollars to ordinary Americans and compete with Main Street banks and other lenders. Read MoreGoldman Sachs:Market’s going nowhere for a year The new ...
Goldman Sachs plans consumer lending UK pushMaria Terekhova
Goldman Sachshas revealed that its new technology and consumer lending business haslost around $3bn in pre-tax earningssince 2020. In a SEC filing, the Wall Street giant has provided details of its financial results for the last three years to highlight the company’s new reporting structure....
Two of the biggest proofs of Goldman’s transformation were its launch of GS Bank, a internet bank with a $1 deposit requirement, and Marcus, an online consumer lending platform through which well-qualified consumers could obtain personal loans of up to $30,000. GS Bank has ...
Goldman Sachsis casting a wide net for customers of its new credit card withApple, approving some subprime borrowers for the product. The bank, which is in charge of deciding who gets theApple Card,is accepting some applications from users with less-than-stellar credit scores, according to peo...
"Things appear to be settling down. Risk indicators are down,” said Goldman Sachs research director Ryan Nash.
Bluefin Payment Systems announced that Goldman Sachs Specialty Lending Group led a debt and equity growth financing in the company, joining existing investors Financial Partners, which is the private equity group for Napier Park Global Capital, and Camde
Re: Apple Card/Goldman Sachs I am wondering the same thing. I'm on the blacklist from two unpaid AMEX charge-offs from about 15 years ago. Wouldn't be a huge loss because I have such a small limit, but I like having the card and the Apple-y way it all works. But Goldman is...
Goldman Sachshas reported that net revenues in consumer and wealth management stood at a record $2.10 billion for the first quarter, rising 21 per cent from a year ago and 7 per cent from the fourth quarter of 2021. Net revenues in wealth management were $1.62 billion, 19 per cent higher...
KEY POINTS The regulator is looking into whether Goldman Sachs had the right safeguards in place to protect consumers when it increased lending in the consumer division, The Wall Street Journal repo…