Goldman Sachs sells Marcus Invest’s digital investing accounts to Betterment
The deal includes Marcus Invest’s accounts and assets under management.
Marcus
Goldman Sachs mulls potential sale of BNPL fintech GreenSky
GreenSky was acquired by Goldman in 2021 for $2.24bn to furnish its Marcus banking app.
Goldman Sachs loses $3bn over three years on platform solutions business
Reuters reports the firm outlined a pre-tax loss of $1.2bn for the first nine months of 2022.
Goldman Sachs plots reorganisation, reveals change of plans for Marcus
“The concept of being broad, with a consumer footprint, is not really playing to our strength,” says CEO.
Marcus chairman Harit Talwar set to retire in October
Talwar leaves his role after six years and the launch of his consumer project.
Goldman Sachs plans UK app launch, robo-adviser for 2022
the UK makes up just under a third of Marcus’ $100 billion deposit total globally.
Goldman Sachs settles on Birmingham for second major UK office
Goldman says it picked Birmingham because of its talent pool and proximity to London.
Goldman’s consumer head Omer Ismail leaves for Walmart’s fintech venture
Ismail architected the firm’s move into consumer digital banking.
Goldman Sachs re-opens Marcus in UK with 0.5% rate
0.5% is the highest paying easy-access rate in the UK.
Goldman winds down Clarity Money to focus on Marcus Insights
Clarity Money is due to close on 5 March.
Has JP Morgan Chase learnt the lessons of Finn and Bó?
This isn’t its first challenger start-up foray.
Goldman picks Marqeta to power Marcus current account rollout
Marcus plans to launch its new accounts later this year.
Goldman Sachs mulls acquisitions to bulk up Marcus
Goldman’s CEO intends to make Marcus a pillar of the US bank’s growth.
FinnovateFall 2020: Digital tools creating a new kind of banking customer
Marcus executive says banks must prepare for a post-COVID world.
What the Fintech? Episode 8 | Payments: were systems in Europe ready for COVID-19?
Tune in to find out an eyebrow raising banished buzzword in another rendition of ‘Fintech Jail’!
Goldman Sachs closes Marcus to new UK users amid deposit surge
Since January, Marcus has seen more than £8 billion inflow.
Marcus cuts easy-access saver rate again to 1.05%
On 19 March, the Bank of England cut its base rate to 0.1%.
Goldman cuts personal lending after launching Apple card
Its partnership with Apple has taken some of the momentum away from Marcus.
Goldman Sachs quietly releases Marcus app three years after launch
The app was designed to be Goldman Sachs’ eventual main mobile face.
Goldman Sachs’ lending platform Marcus coming to UK
Revealed in an internal memo… that is now everywhere.
Goldman Sachs acquires personal finance app Clarity Money
Brings over one million customers to its online lending platform Marcus.
VTB applies for UK banking licence, selects core banking system
EXCLUSIVE: Russia’s second largest banking group, VTB, is looking to launch a retail banking business in the UK, Banking Technology understands. The bank has applied for a UK banking licence, to enable it to take retail deposits.
Analysis: banking innovation in the US
Banking Technology puts the banking innovation in the US under the spotlight. The market is not short of digital offerings: Simple, Moven, Kabbage, Acorns, Earny, Debitize, MagnifyMoney and more – take your pick!
Goldman Sachs launches new online personal loan platform, Marcus
Goldman Sachs has unveiled Marcus, an online platform offering unsecured personal loans to consumers. Named after Marcus Goldman, one of the firm’s founders, the platform provides consumers with a way to “consolidate their high-interest credit card debt”. Borrowers can apply for fixed-rate, no-fee personal loans of up to $30,000 for periods of two to six […]
