Goldman Sachs may be acquiring E-trade or merging with US Bank - Business Insider

an investigation by the New York State Department of Financial Services to determine whether its creditworthiness algorithm demonstrates gender bias.

An acquisition or merger could allow Goldman to rapidly accelerate its timeline for achieving success in retail banking. While the bank has faced challenges in getting its proprietary solutions running strong, purchasing or merging with an existing retail banking player would instead allow Goldman to essentially buy a retail banking customer base and to build out an offering from a stronger position of scale.

A lingering question, however, is whether that kind of major move would leave Goldman with an identity issue: The bank has a reputation as a leader of high-finance, so a ground-shaking move into retail banking could muddy Goldman's public perception and cause it to be seen as too down-market by wealthy clients seeking white-glove service.

Buy ETrade shares for the long haul. Pray for a purchase

United States United States Latest News, United States United States Headlines

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

LVMH reportedly nears deal to acquire Tiffany for $16.3 billion - Business InsiderSources familiar with the matter told Reuters that a deal between LVMH and Tiffany could be announced on Sunday or Monday. shit
Source: BusinessInsider - 🏆 729. / 51 Read more »

China says it will address a key Trump demand as trade talks sputter - Business InsiderIntellectual property theft costs American businesses up to $600 billion a year, according to a 2018 US ITA report.
Source: BusinessInsider - 🏆 729. / 51 Read more »

'Highly alarming' email blast citing Amazon and Synchrony Bank sparks concerns about fraud - Business InsiderOne email said a trial deposit had been made to an Amazon credit-builder account. Another email said action was required on an application. Ceo Margaret keane states she is in tune with technology clearly she is not. fireher trustisnumberone youfailedus SYFMKeane Contact ceo Margaret keane at the following twitter SYFMKeane
Source: BusinessInsider - 🏆 729. / 51 Read more »

These are the 10 stocks most loved by mutual fundsMutual fund returns bounced back modestly in recent months from their year-to-date lows, Goldman Sachs found.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The US Army is investigating TikTok - Business InsiderArmy Secretary Ryan McCarthy launched the investigation after receiving a letter from Senator Chuck Schumer.
Source: BusinessInsider - 🏆 729. / 51 Read more »