Goldman Sachs faces Fed scrutiny
newscatcher
2022-09-19 01:30
Goldman Sachs faces Fed scrutiny
NEW YORK: Goldman Sachs Group Inc's six-year foray into consumer banking - the unit dubbed Marcus - is the focus of a new review at the Federal Reserve (Fed). Fed officials have been looking into the Wall Street giant's online-banking platform aimed at retail customers, according to people with knowledge of the matter. For at least several weeks, they've been peppering Goldman management with questions and follow-ups in a process that's still continuing, the people said, asking not to be identified discussing confidential information.

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