• Goldman Sachs' new online lending business has already hit a $1 billion milestone

    9 days ago - By Business Insider

    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...
    Read more ...