Goldman Sachs Faces Urgent Employee Demand to Exit Consumer Lending

1 min read
Source: The Wall Street Journal
Goldman Sachs Faces Urgent Employee Demand to Exit Consumer Lending
Photo: The Wall Street Journal
TL;DR Summary

Goldman Sachs is reportedly looking to exit the consumer lending space, just four years after entering it. The firm's decision to pull back comes as a surprise to many, considering the competition it posed to traditional consumer banks. The move follows the launch of a joint savings account with Apple, which received mixed reviews internally.

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