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Goldman Sachs slips on report that the Federal Reserve is investigating its Marcus business - TL;DR CNBC

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

Tickers: GSGSBD

Keywords: business newsbanksgoldman sachs bdc incgoldman sachs group incdavid solomonmarkets

Source: https://www.cnbc.com/2023/01/20/goldman-sachs-slips-on-report-that-the-fed-is-investigating-its-marcus-business.html


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