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Goldman Sachs is scaling back expectations for the buzzy 2-year-old service its new CEO is relying on, and it highlights a major concern with the economy

“Goldman Sachs is cutting a key target for its consumer lending platform Marcus, reflecting the firm’s growing concerns about the consumer debt market, according to a new report. Goldman has scaled back loan originations for 2019 for Marcus, according to a Bloomberg report on Monday which cited anonymous sources.”
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Companies

Apple, Goldman Tie-Up Is Latest Way for Silicon Valley to Reshape Wall Street

“Citigroup Inc., JPMorgan Chase & Co. and others pitched their services, the people said. Apple instead went with a name little known on Main Street: Goldman Sachs GS -0.18% Group Inc. The elite investment bank will soon roll out an Apple credit card that will sync with an iPhone app, The Wall Street Journal reported last week. The card is part of a broader […]
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