Banks are offering the promotional rates to attract deposits. But given concerns about the economy, it’s unclear how long banks will continue to reward savers.
Category: Marcus by Goldman Sachs
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Salesforce Faces Mounting Investor Pressure As Profits Sag
The New York Times – Business:The software giant faces mounting pressure from activist investors and pushback from employees unhappy about a wave of firings and the scaling back of office perks.
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Goldman Sachs’ Marcus Consumer Banking Move Turns Costly
The New York Times – Business:Goldman Sachs will take a big hit from its ill-fated move into consumer banking, even as its other businesses weaken amid an economic slowdown.
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Goldman Sachs Begins Large Round of Layoffs
The New York Times – Business:The investment bank plans to cut up to 3,200 jobs, or roughly 6 percent of its work force, as it faces economic challenges and cuts costs after an expensive foray into consumer lending.
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Goldman Sachs Restructures Its Divisions, Elevating Tech Offerings as Profit Falls
The New York Times – Business:The bank will combine trading and investment banking into one unit; asset management, wealth management and consumer businesses into another; and its digital offerings in a third.