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Time doesn’t matter, the Apple Card was just a small part of Goldman’s strategy to enter the retail banking business and that is working out just as good as the
by PedroBatista 4y ago
Time doesn’t matter, the Apple Card was just a small part of Goldman’s strategy to enter the retail banking business and that is working out just as good as the Apple adventure.
- lotsofpulp 4y agoI do not know about that: https://www.semafor.com/article/12/22/2022/goldmans-misadventures-on-main-street https://www.semafor.com/article/12/22/2022/goldmans-misadven... > Goldman is now winding down its personal-loan business, called Marcus, for Goldman’s 19th-century founder, who peddled short-term loans to merchants along Manhattan’s wharfs. The firm will stop making new loans, Reuters previously reported and Semafor confirms, and is weighing a sale of the loans that remain on its books, people familiar with the matter said. >It is also abandoning a plan to launch Marcus checking accounts, after four years of work and nearly $100 million dollars spent, people familiar with the matter sa