Goldman CEO: If Marcus were a Silicon Valley start-up, people would be ‘throwing money at us’

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Goldman CEO: People would be ‘throwing money’ at Marcus if it were a Silicon Valley start-up. June 6, 2019 by admin 0 Comments

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Despite the investor indifference, Goldman’s Marcus business is at an inflection point. Begun in late 2016, it has essentially two products: high-interest savings and personal loans. begun in late 2016, it has essentially two products: high-interest savings and personal loans.

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Less than three years into its pivot to retail banking for the masses, Goldman Sachs CEO David Solomon still feels like an underdog. The firm’s Marcus business gathers $1 billion in deposits a month and recently announced its first credit card with Apple , but that progress has yet to be reflected in Goldman’s stock, which trades at a discount compared to rivals.

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Goldman CEO: If Marcus were a Silicon Valley start-up, people would be ‘throwing money at us’ Posted By: admin June 13, 2019 0 Under three years into its rotate to retail banking for the majority, Goldman Sachs CEO David Solomon still feels like a dark horse.

Recently in a CNBC EXCLUSIVE CEO David Solomon vented to employees that investors haven’t yet recognized progress w/ its digital bank Marcus: ‘If we were out in Silicon Valley. people would be throwing money at us to own a piece of this business.’

We accepted that because of the earlier-stage investment there were a broader range of possible outcomes associated with the potential for high returns.” In Silicon Valley. pocketed sovereign.

Goldman CEO to staff: People would be ‘throwing money’ at Marcus if it was a Silicon Valley start-up Posted on 06/06/2019 In CNBC , Investing , WallSt facebook

Three people were taken to Sunnybrook. to expose a multibillion-dollar Silicon Valley start-up as a fraud,” by Yashar Ali in New York Magazine: “In late September of 2015, Elizabeth Holmes, the CEO.