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by al_be_back 1201 days ago
Surprised Goldmans didn't buy them - and position it as Marcus for Startups.
4 comments

They're already losing enough money with Marcus right now, why risk losing some more? Goldman needs to figure out how to properly run their existing consumer bank first.
Marcus is meant to focus on proper retail, which is a very different business to this. Buying SVB doesn't really achieve what Goldman wants from Marcus.
Aren’t Goldman thinking about winding down / selling off their retail stuff?
Does that include the Apple Card?
sorry I was misinformed
Because they do serve the UK, parent mentioned Marcus which is one of their UK consumer products. I don't know if they want to leave retail, but that's the sort of thing that can be different by region.