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- Goldman Sachs' strategic pivot to focus on higher-margin consumer banking services could lead to long-term profitability despite short-term costs. The partnership with Apple could bolster Goldman Sachs' consumer banking initiative, tapping into a vast customer base and a rapidly growing digital payment market.
seekingalpha.com/article/4606461-goldman-sachs-reevaluating-its-consumer-banking-strategyGoldman Sachs: Reevaluating Its Consumer Banking Strategy (GS)
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Oct 23, 2022 · Under the restructuring announced on Tuesday, consumer banking will be subsumed within Goldman’s wealth management business. Meanwhile, a new “platform solutions” business will include...
- Talwar has big task as Goldman Sachs moves into online lending
In a report last year, Goldman analysts said that $4.6bn of...
- Goldman Sachs pulls back from retail banking in latest overhaul
Lex Financial services. Goldman Sachs: we need to talk about...
- Talwar has big task as Goldman Sachs moves into online lending
Jan 13, 2023 · Goldman Sachs will take a big hit from its ill-fated move into consumer banking, even as its other businesses weaken amid an economic slowdown.
Jan 25, 2023 · Goldman’s push into consumer banking was one of the biggest changes in the firm’s 154-year history. The investment bank had to legally convert itself into a bank holding company in 2008 during the financial crisis to get access to the Federal Reserve’s emergency funding operations.
Oct 10, 2022 · Cost overruns and missed profitability goals have set off a rising tide of discontent inside the firm, concerned questions from regulators and most worryingly, the dismay of shareholders. Now,...
Oct 18, 2022 · Lex Financial services. Goldman Sachs: we need to talk about Marcus. The reorganisation, the bank’s second in less than three years, will break Goldman’s consumer business into two areas,...
Jan 25, 2023 · Goldman’s push into consumer banking was one of the biggest changes in the firm’s 154-year history. The investment bank had to legally convert itself into a bank holding company in 2008 during...
May 22, 2023 · As Goldman Sachs navigates the challenges of its consumer banking venture, a promising beacon has emerged: its burgeoning partnership with tech giant Apple.
