Goldman Sachs slips on report that the Federal Reserve is investigating its Marcus business
Publishing timestamp: 2023-01-20 12:22:18
Summary
The Federal Reserve is investigating Goldman Sachs' consumer business to see if the bank had the right safeguards in place to protect consumers when it increased lending. Goldman Sachs shares dropped 3% on the news. Goldman CEO David Solomon admitted that the bank had a disappointing quarter due to taking on too much in consumer banking business.
Sentiment: NEGATIVE
Keywords: business news, banks, goldman sachs bdc inc, goldman sachs group inc, david solomon, markets,