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

    10 monthes 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...
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