Financial institutions reported decreased bank lending in China in March; according to a report from the People's Bank of China, financial institutions issued new loans of 1.02 trillion yuan ($148 billion) in March, a decrease from CNY1.17 trillion ($170 billion) in February; nonbank lending increased in March, with total social financing reported at CNY2.12 trillion ($308 billion), an increase from CNY1.15 trillion ($167 billion) in February. Source
Latin America’s Leading iBuying and Real Estate Tech Company Continues to Build Out Executive Team with Former Bank of America Merrill Lynch Managing Director and Head of Latin America Financial Institutions, FinTech & Real Estate NEW YORK–(BUSINESS WIRE)–Habi, one of the largest real estate technology companies in Latin America, today announced the appointment of Marcos...
While the Fed kept interest rates steady at their meeting this month both Marcus and Ally Financial have decided to...
During their latest earnings call Goldman Sachs revealed their digital bank Marcus brought in more than $35bn in deposits in...
Lloyd Blankfein recently presented at the Credit Suisse 19th Annual Financial Services Forum; Blankfein shared that Marcus has access to over $17 billion in deposits; since the acquisition of GE Capital, retail deposits have grown 90% which gives allows them to access cheap capital; Goldman plans to grow consumer products offered through Marcus. Source
By any measure the Goldman Sachs rollout of their Marcus deposit product in the UK has been a resounding success;...
Eighteen months ago Marcus launched their easy access savings account; now they are launching a one year fixed savings account...
Marcus has originated more than $3bn of loans since inception, recently it has become know that more than 10 percent of the loans were sub prime; they have said this is a natural evolution of the loan business and they are being very selective in approving of applications. Source.
Marcus by Goldman Sachs announced it had bought PFM app Clarity Money, their 16th fintech acquisition in the past three years; the company is looking to create a digital storefront for the Marcus brand; Marcus believes the acquisition will help it to give them a competitive advantage and build revenue. Source.
As Marcus looks to launch a UK savings product soon the bank is already eyeing additional European markets; they plan...