Business insider opened an account with Marcus to better understand the product; they report on why other financial institutions should...
Goldman Sachs announced plans to open a bitcoin trading operation and now other banks might be soon to follow; one...
Goldman’s Marcus has scaled extraordinarily fast having provided $2.4 billion in consumer loans; some analysts have expressed concerns on the...
Goldman Sachs has been exploring the creation of a crypto trading desk and now has hired a former crypto trader; the bank hired Justin Schmidt as a vice president and head of digital asset markets; the move is seen as another step by the bank to eventually create a crypto trading desk as they have been rumored to be exploring this for quite some time; no major bank has started a crypto trading desk yet. Source.
Bloomberg reports on Goldman Sachs’ new San Francisco office culture which has no dress code and offers kombucha in the break room; Jeff Winner was hired this year to run the office which aims to employ 80 people; Winner leads the engineering team behind their successful consumer brand Marcus; with their new office location they will compete for talent from names like Google and Amazon. Source
In this week’s PeerIQ Industry Update they cover the continued growth in the jobs market with the unemployment rate dropping...
In their latest installment of Confessions TearSheet sits down with a fintech CEO who worked as a Wall Street trader...
Goldman Sachs has decided to begin a trading operation to trade bitcoin, becoming the first major bank to do so;...
Goldman Sachs has acquired personal finance app Clarity Money as it continues to build out their consumer focused brand. Adam Dell, founder of Clarity Money, will become a partner at Goldman as a result of the deal. Source.
We’ve seen Goldman Sachs enter a variety of consumer banking verticals over the last few years; now the bank has hired a senior JPMorgan Chase engineer to build cash management tools, deposit accounts as well as other products for big companies; commercial banking could bring even more deposits into the business and also help boost revenue; they will compete with other big names such as JPMorgan, Citi, Bank of America and Wells Fargo. Source