It begins with Marcus Goldman, a German immigrant who in 1869 founded the firm in a lower Manhattan basement. After the turn of the century, we see his son Henry and his son-in-law Sam Sachs develop a full-service bank. Sidney Weinberg, a kid from the streets, was initially hired ...
NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N) told customers of its online bank, Marcus, and its Apple credit card on Monday that they can take an extra month to make payments, with no penalty or additional interest, if they are financially stretched due to the coro...
NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N) told customers of its online bank, Marcus, and its Apple credit card on Monday that they can take an extra month to make payments, with no penalty or additional interest, if they are financially stretched due to the coro...
Goldman CEO David Solomon had wanted the bank to increase its efforts to develop financial services for consumers, such as its Marcus savings account and a planned digital checking account. It also partnered with Apple to launch the consumerApple Card. A Goldman-branded ...
Reddit Bluesky The Federal Reserve has opened an investigation into Goldman Sachs to determine if the bank's consumer credit division, which for now includes Apple Card, has enough consumer protections. The bank posted losses in its consumer business on January 13, primarily related to the Appl...
And Goldman Sachs launched Marcus, its consumer savings and lending business, almost two years ago on the premise that credit card debt is holding people back from being confident and financially free consumers — and that they should take out a Marcus loan to help erase that debt. ...
There's money to be made in the consumer sector. Goldman Sachs has long abandoned the consumer market to focus on large corporate customers. I have no idea why they got into this deal with Apple. They're not equipped to handle the volume or the margins or government oversight in this ...
Goldman Sachs can stick it… Reactions: Robert.Walter, Burningtime and Chuckeee npmacuser5 macrumors 68000 Apr 10, 2015 1,890 2,141 Nov 29, 2023 #327 Tagbert said: Don’t you use it with other cards? I’ve got several non-Apple cards in my Wallet that I use regularly. Ye...
Goldman Sachs is thought to be spending heavily in its attempts to become more consumer-facing, with one report from July revealing it has spent around $275 million since the start of 2019 on Apple Card, Marcus, and other initiatives. Concerns by investors that Apple Card isn't produced fo...
Goldman Sachs CEO David Solomon, who has been testing a beta version of Apple Card alongside employees at Goldman and Apple, is expecting high levels of consumer interest in the card based on early feedback.