• Goldman Sachs is creating a new consumer finance division - and it's part of a goal to take on wealth management giants

    22 days ago - By Business Insider

    Goldman Sachs is creating a new, combined consumer and investment management division, according to a memo on Monday.
    The new unit will be led by existing Goldman investment management heads Tim O'Neill and Eric Lane.
    The move is intended to allow Goldman's consumer digital finance business to grow its customer base and launch new products.
    Goldman Sachs has big ambitions for its small-but-growing consumer finance business, Marcus.
    It's a key part of CEO David Solomon's plans to boost revenue at the bank, and one that could become a $1 billion revenue opportunity in the next few years.
    To...
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  • Goldman Sachs, advisor to the ultra-rich, plans to offer wealth management for the little guy

    Goldman Sachs, advisor to the ultra-rich, plans to offer wealth management for the little guy

    22 days ago - By CNBC

    Goldman is working on a digital wealth product, its first new offering under a Marcus brand that so far has had high-interest savings accounts and personal loans.
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