https://www.bloomberg.com/news/articles/2018-02-13/blankfein-says-marcus-will-move-the-needle-in-coming-years

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Lloyd Blankfein is upping the stakes for Marcus, Goldman Sachs Group Inc. ’s nearly two-year-old online lender. “Marcus is evolving from a single offering to a multi-product business that I believe will move the needle for the firm over the coming years,” the chief executive officer said Tuesday at a conference hosted by Credit Suisse Group AG. Goldman Sachs pushed into consumer lending with the debut of Marcus in 2016, focusing on clients looking to refinance credit-card debt. That’s helping expand the firm beyond its normal large corporate and investor clients, putting it more in touch with retail clients. Goldman Sachs has a competitive advantage with these types of technology-focused ventures, Blankfein said. Full story

13 February

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