Goldman Sachs Exits Consumer Banking After $3B Write-Down, Doubles Down on Institutional Finance
Goldman Sachs sold its Marcus loan portfolio, GreenSky platform, and Apple Card program between 2023-2026 after consumer banking losses exceeded $3 billion. The firm simultaneously acquired Industry Ventures and Innovator Capital Management in 2025, forming a new Capital Solutions Group focused on institutional clients. This pivot reflects cost structure advantages in specialized finance over universal banking models.
ViaNews Editorial Team (Markets)•