U.S. Fed probes Goldman Sachs consumer business - WSJ

Shares of the investment bank were down nearly 3% at $341.08 in afternoon trade.

The probe, which grew out of a standard Fed review of the business in 2021 and intensified into an investigation last year, is also examining instances of customer harm and whether they were properly resolved, the report added. "Another investigation into the consumer business makes Goldman's foray into consumer look even worse, and can reduce management credibility, particularly given so many statements about GS' ability to manage risk and build best-in-class platforms," said Mike Mayo, banking analyst at Wells Fargo, in a note.

One branch of the fascist private-public-partnership government probes another branch of the fascist private-public-partnership government

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs’ consumer business Marcus facing Fed probe: reportThe probe grew out of a standard Fed review of the business in 2021 and intensified into an investigation last year.
Source: nypost - 🏆 91. / 67 Read more »

12 Stocks Hedge Funds and Mutual Funds Like the Most: Goldman SachsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. For What Tgts,
Source: BusinessInsider - 🏆 729. / 51 Read more »

WSJ News Exclusive | Federal Reserve Probes Goldman Consumer BusinessBreaking: The Federal Reserve is investigating Goldman Sachs over its consumer business, people familiar with the matter say wasnt it one of them 'too big to fail' ones? 'Much of Marcus is being folded into Goldman’s new asset- and wealth-management unit. Some pieces, including its credit-card partnerships with Apple and General Motors Co., as well as specialty lender GreenSky, are moving into a new unit called Platform Solutions' God $GS is having a bad week 🛟 RWMann janewells
Source: WSJ - 🏆 98. / 63 Read more »