Goldman Sachs warns about consumer banking unit loss.

M2 EQUITYBITES-June 29, 2022--Goldman Sachs warns about consumer banking unit loss

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Global Banking News - 29 June 2022

US-based banking firm Goldman Sachs (NYSE: GS) has warned that it could run into a loss at its consumer banking unit.

The consumer banking unit, Marcus, is expected to make losses of more than USD1.2bn in 2022. The unit had made significant profits there years ago. The expected losses are because of a number of exits from the consumer bank last year. Addition...

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