Home » General World News » Goldman Sachs is scaling back expectations for the buzzy 2-year-old service its new CEO is relying on, and it highlights a major concern with the economy (GS)

Goldman Sachs is scaling back expectations for the buzzy 2-year-old service its new CEO is relying on, and it highlights a major concern with the economy (GS)





Goldman Sachs CEO David Solomon

  • Goldman Sachs has cut loan origination targets for its consumer lending platform Marcus for 2019, according to a Bloomberg report.
  • The pullback reflects the firm’s growing concerns about the consumer debt market, the report said.
  • Marcus is a key part of Goldman CEO David Solomon’s growth plans for the bank.

Goldman Sachs is cutting a key target for its consumer lending platform Marcus, reflecting the firm’s growing concerns about the consumer debt market, according to a new report.

Goldman has scaled back loan originations for 2019 for Marcus, according to a Bloomberg report on Monday which cited anonymous sources.

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Source:: BusinessInsider.Com

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