Category Archives: Goldman Sachs

Goldman Sachs Struggling in Consumer Banking

Posted on September 30, 2019 by flpbaruchnewsletter

In 2016 Goldman Sachs launched its consumer bank through a platform called Marcus which offers savings account and fixed-rate loans ranging from $3,500 to $40,000. So far this venture was not worth it as the division incurred a $1.3B loss … Continue reading →

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Goldman Wins $1B Legal Battle with Libyan Wealth Fund

Posted on October 17, 2016 by flpbaruchnewsletter

This past week, Goldman Sachs won a lawsuit totally $1B brought against it by the Libyan Investment Authority. The case was regarding whether the US investment bank had exercised undue influence over the sovereign wealth fund; the Libyans alleged that … Continue reading →

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