Goldman Sachs is trying to build the ultimate financial destination for the masses
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Filed under: Finance, Business, Companies
- For most of its nearly 150-year history, Goldman Sachs has catered to the ultra wealthy.
- But the bank has been rapidly expanding services for Main Street consumers in the past two years under its Marcus brand.
- On Wednesday, the bank was reported to be in talks to acquire Clarity Money, a startup that uses artificial intelligence to help you cancel unwanted subscriptions, stay under budget, and keep on top of your investments.
- It's also reportedly in talks to provide financing for Apple iPhones, one of the most ubiquitous consumer tech products on the planet.
- These are the latest signs that Goldman Sachs is building the ultimate financial destination for retail consumers.
For much of its existence, Goldman Sachs has catered to the ultra wealthy.
Goldman's recent foray into retail banking is quickly expanding
A credible threat as the retail bank of the future
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