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Goldman CEO Speaks to Concerns Over Consumer Lending Business
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Goldman CEO Speaks to Concerns Over Consumer Lending Business

Goldman CEO Speaks to Concerns Over Consumer Lending Business

Fintech Nexus Staff·
FintechNews RoundupUSA
·May. 3, 2018·1 min read

Goldman’s Marcus has scaled extraordinarily fast having provided $2.4 billion in consumer loans; some analysts have expressed concerns on the credit quality of the loans Marcus has been making; Blankfein on Wednesday noted that a poor credit environment could bring new risks but he isn’t concerned with their timing into the market; the bank has a long-term view on their consumer focused business and believes they can manage it through the ups and downs. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at editors@fintechnexus.com

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