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Looking back. They sold off consumer investment division in April 2024 to Betterment [1] GS offloaded $1B in consumer loans to Varde the year prior [2]. Marcus
by xyst 2y ago
Looking back. They sold off consumer investment division in April 2024 to Betterment [1]
GS offloaded $1B in consumer loans to Varde the year prior [2]. Marcus website doesn’t even have a way to apply for personal loans.
Then of course the widely discussed bad terms of the Apple and GS partnership and rumors of GS trying to sell this to another bank. [3]
Not quite sold off but consumer division is circling the drain.
[1] https://finance.yahoo.com/news/betterment-acquire-digital-investing-accounts-163000538.html https://finance.yahoo.com/news/betterment-acquire-digital-in...
[2] https://www.reuters.com/business/finance/goldman-sachs-offloads-1-bln-marcus-loans-varde-bloomberg-news-2023-07-13/ https://www.reuters.com/business/finance/goldman-sachs-offlo...
[3] https://www.aol.com/news/apple-talks-jpmorgan-bank-over-201638069.html https://www.aol.com/news/apple-talks-jpmorgan-bank-over-2016...