Genesis Capital is based in Los Angeles and provides capital to house flippers; they were founded in 2007 and lent $1 billion last year; the move shows Goldman’s continued interest in other areas outside their trading business; investor spending on the fix and flip market has grown recently, but still remains below pre-crisis levels. Source
According to Reuters Goldman Sachs is acquiring the boutique wealth management firm, Folio Financial, for an undisclosed amount; Goldman Sachs...
The new joint credit card is anticipated to be launched next year and will carry the Apple Pay brand; this...
Members Exchange can now count Goldman Sachs and JPMorgan Chase as backers with the banks agreeing to join the new...
Executives from Goldman Sachs and Stripe sparred last week at CB Insights Future of Fintech event about where the industry...
The deal will allow Mosaic to free up room on their own balance sheet and finance more loans; the company operates as a hybrid lender and completed a $139 million securitization in February; the move shows the willingness for a big bank to buy and own solar loans. Source
The move by Goldman Sachs into retail banking with Marcus has been a big shift for the bank and thus far has paid off; speaking to CNBC Goldman Sachs CEO Lloyd Blankfein talked about their move to consumer lending, their expansion of digital banking with Marcus and the focus on developing in house technology. Source.
Goldman Sachs CEO David Solomon told a group of 200 Marcus employees that the company is not getting the credit...
According to the WSJ, Goldman Sachs is considering a new trading operation dedicated to digital currencies; a spokeswoman for Goldman stated, “In response to client interest in digital currencies, we are exploring how best to serve them in this space.”; several banks have been exploring the use of blockchain technology; Jamie Dimon, chief executive of JP Morgan Chase recently spoke out against bitcoin calling it a fraud. Source
The Financial Brand looks into the new data gleaned from the recent Goldman Sachs investor day and concluded that their...