Goldman Sachs

High-Yield Savings Helps FinTechs Unlock Less Costly Capital
High-Yield Savings Helps FinTechs Unlock Less Costly Capital
September 02, 2022  |  Loans

In this macro environment, where rising rates make traditional financing routes more onerous, FinTechs may find that high-yield accounts have high-yield payoffs. Affirm this week...

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Cost, Tech Hurdles May Slow Goldman’s Checking Rollout
Cost, Tech Hurdles May Slow Goldman’s Checking Rollout
August 24, 2022  |  Banking

Goldman Sachs is reportedly considering further delay of its planned online checking accounts for consumers. The company’s consumer banking arm has struggled for a year...

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Goldman’s Marcus Raises Rates — and Bar for Neobanks
Goldman’s Marcus Raises Rates — and Bar for Neobanks
August 23, 2022  |  Digital-First Banking

In financial services, as in pretty much any vertical, there’s a concept known as the race to the bottom. Generally speaking, we might view this...

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Wall Street Bankers Tap Blockchain Use Beyond Crypto
Wall Street Bankers Tap Blockchain Use Beyond Crypto
August 22, 2022  |  Blockchain

While blockchains are seen as the shared ledger technology behind facilitating and tracking cryptocurrency transactions, Wall Street bankers are starting to explore its use in...

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Today in B2B Payments: Walmart Acquires Volt Systems to Help Suppliers with Merchandising; AvidXchange Launches New AP Solution for Construction Pros
Today in B2B Payments: Walmart Acquires Volt Systems to Help Suppliers with Merchandising; AvidXchange Launches...
August 08, 2022  |  B2B Payments

Today in B2B payments, Walmart is set to acquire tech company Volt Systems to give suppliers greater visibility into merchandising resources, and AvidXchange launches a...

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Goldman Sachs Group Lends $150M to Clara to Meet LatAm Firms’ Need for Loans
Goldman Sachs Group Lends $150M to Clara to Meet LatAm Firms’ Need for Loans
August 08, 2022  |  Loans

Helping to meet Latin American corporations’ need for loans and assistance with spend management, Goldman Sachs Group has lent $150 million to Clara, a Mexican...

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CFPB Probes Goldman’s GM, Apple Credit Card Business Practices
CFPB Probes Goldman’s GM, Apple Credit Card Business Practices
August 04, 2022  |  CFPB

Goldman Sachs said Thursday (Aug. 4) it is cooperating with an investigation by the Consumer Financial Protection Bureau (CFPB) into its credit card business. In...

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Goldman Consumer Banking Revenues Grow 25% as Loss Reserves Surge 497%
Goldman Consumer Banking Revenues Grow 25% as Loss Reserves Surge 497%
July 18, 2022  |  Earnings

Goldman’s march to Main Street juggernaut continues — macro headwinds or not. The white-shoe Wall Street behemoth has been broadening its appeal to retail banking...

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Today in the Connected Economy: Amazon to Add 4,000 UK Jobs
Today in the Connected Economy: Amazon to Add 4,000 UK Jobs
July 15, 2022  |  Connected Economy

Today in the connected economy, Amazon plans to add 4,000 new jobs to its United Kingdom operations, a move that will make it one of...

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