The exit from the business partnership with GM, which has about $2 billion of outstanding loans, is part of Goldman Sachs' move to narrow its focus on consumer services. Solomon expects the U.S. Federal Reserve to cut interest rates two or three times this year, with a firs...
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Marcus by Goldman Sachs named Best for No Fees Forbes Advisor – Best Personal Loans (February 2023) Marcus by Goldman Sachs named Best for Terms up to 72 Months Forbes Advisor – Best Debt Consolidation Loans (February 2023) Marcus by Goldman Sachs named Best Overall Forbes Advisor – Best ...
"I was absolutely shocked I got it," Oswald said. "I have a lot of collections from two or three years ago when I was in a really rough spot. When I heard it was with Goldman Sachs, I figured they were going for the high-income set." Oswald said Goldman is giving him a relative...
Goldman Sachsshares have rallied 34% in the year since the bank disclosed an embarrassing $470 million loss resulting from the closure of Marcus personal loans, the bank’s first foray into the sale of its ill-fated consumer banking. Up from $336 last April, the bank’s ...
The Goldman Sachs Group, Inc. is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, fin...
Goldman Sachshas spent 146 years largely as the bank of the powerful and privileged. Now the Wall Street powerhouse is working on a new business line: providing loans that can help you consolidate your credit card debt or remodel your kitchen. ...
So what's the impact on you? Higher interest rates mean more income from your savings accounts and money-market funds, but also higher payments on your home, auto, credit-card, student and personal loans. Lower rates, of course, mean the opposite on bot...
America’s middle class has a growing financial problem that Goldman Sachs (GS) wants to help solve: credit card debt. The investment bank quietly rolled out a new service called Marcus by Goldman Sachs late last year by issuing private invitations for the personal loan service. After what ...
[CLOs, which are debt securities bonds backed by a pool of commercial loans] with the New York-based firm’s own money are now handling trades for clients, the person said, speaking anonymously because the plans aren’t public..Andrea Rachman, a spokeswoman for Goldman Sachs, declined to ...