At LendIt Fintech USA 2019, Boe Hartman, the CTO of Marcus, revealed in a keynote stage interview that Marcus was...
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
Digital banking has taken off since the pandemic set in and Marcus by Goldman Sachs is looking to capitalize on...
JPMorgan Chase announced plans to shut down their digital only bank less than two years after launching and now other...
While the Fed kept interest rates steady at their meeting this month both Marcus and Ally Financial have decided to...
Peter Renton, Founder of Lend Academy was at the American Banker Digital Lending + Investing conference last week; Renton reflects on the discussion with the leaders of Marcus, shares the progress of the company thus far and his perspective on Goldman's venture. Source
Last week Goldman Sachs launched a new product called GS Select. Before we get into the new product I think...
Ainsley Harris reported in Fast Company today that Goldman Sachs is acquiring the employees who built Final, a credit card...
Goldman Sachs slowed originations for their personal loan product through Marcus after they launched the Apple Card; “The slowing pace...
This week’s PeerIQ Industry Update covered the strong job growth reported and the chances of a rate hike in March; Marcus made key hires in an effort to launch a credit card as it builds out their consumer banking businesses; Marlette completed its largest securitization for $464mn and saw the senior tranches of the deal rated AA by Kroll; PeerIQ also highlighted key points from testimony by Nat Hoopes of the Marketplace Lending Association when he testified before the House Financial Services Committee. Source.