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Goldman Sachs’ new online lending business has already hit a $1 billion milestone (GS)
|06/20/2017||Posted by BusinessMediaguide.Com under General World News||
Goldman Sachs launched Marcus, an online lending business for customers seeking loans of $30,000 or less, in October 2016.
It was a departure from what Goldman Sachs is best known for, namely, wealth management, trading, and investment banking.
And the business has already hit a $1 billion milestone, according to Goldman Sachs Lloyd Blankfein.
Blankfein said in an interview on CNBC’s “Mad Money with Jim Cramer” that “we just crossed over a billion dollars.”
“By the end of this year, we’ll be crossed two billion dollars,” he added. “We wanted to grow it slow to make sure we were doing a good job. But read more >>>