Goldman"s Marcus jolts British banks out of savings slumber

Britain's big banks, long able to shrug off competition from start-ups, have been spooked by an account launched just six weeks ago by Goldman Sachs that pays savers more. Julian Satterthwaite reports......»»

Screenshot/Will Martin/Business InsiderIf you're not an avid follower of British retail banking, you might not have noticed that last week Goldman Sachs quietly launched its Marcus savings account in the UK. Th.....»»

Alyssa Powell/Business Insider   The best high-yield savings accounts right now: Ally Bank: Best high-yield savings account overall Vio Bank: Best high-yield savings account APY  Marcus by Goldman Sachs: Best high-yield savings account .....»»

GaudiLab/Getty   Marcus by Goldman Sachs is a solid high-yield savings account w.....»»

Marcus – the retail bank arm of Goldman Sachs – and Ally Bank both lowered the yield on their savings acco.....»»

Traditional consumer banks face an existential threat from new digital challengers, according to a Inc. executive in the company’s retail unit, Marcus. “There are two kinds of incumbent banks:... To view the full story, click the title link......»»

This is your Data Sheet newsletter for Friday, June 21, 2019. Adam Dell, the head of product for the Goldman Sachs consumer bank Marcus, delivered a zinger to the Brainstorm Finance audience in Montauk, N.Y., Thursday afternoon. "There .....»»

Saga, the British tourism and insurance firm for the over-50s, said on Tuesday it ways teaming up with Goldman Sachs on savings products, as part of a drive to revive its bottom line after a profit warning in April......»»

Goldman Sachs' Marcus is making its first advertising push for Marcus Bank now that it's officially folded GS Bank into the perso.....»»

Compared to the other banks, Goldman's earnings remain a breeze because despite the recent launch of Goldman's deposit/loan operation, Marcus, a long time will pass before.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Goldman Sachs will open a new office in the British city of Milton Keynes to serve as a customer care center for its new retail banking platform Marcus, a spokesman for the bank said on Thursday......»»

Goldman is working on a digital wealth product, its first new offering under a Marcus brand that so far has had high-interest savings accounts and personal loans. .....»»

Marcus, the online consumer bank by Goldman Sachs, has been running a man-on-the-street ad campaign about recent research the company conducted. According to the survey, 60 percent of Americans with savings accounts don’t know the interest rate on t.....»»

Goldman Sachs Group Inc (NYSE: GS) and other financial stocks have been in focus as some of the sector’s biggest banks repo.....»»

Leawood-based C2FO plans to start offering unsecured, low fixed-rate loans of $10,000 to $1 million to small and midsize businesses this summer......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

CEO David Solomon is powering Goldman to record performance. But a slew of partners have left and there's been a Marcus talent exodus. Goldman Sachs CEO David Solomon. Getty Images Goldman Sachs CEO David Solomon is taking big steps to transfor.....»»

Top finance news: profile of Goldman CEO David Solomon, junior-banker hiring deman.....»»