If you think that Goldman Sachs has become a bit, well, common; that it’s gotten embarrassingly expansive and PC; that it’s attracting the lame and unambitious; that its foray into online lending has proven a slippery slope indeed; that it’s gotten downright uncouth and pedestrian and desperate; that its first credit card was not worthy of the name “Goldman Sachs;” well, you should probably sit down.

Goldman Sachs Group Inc. is seeking to acquire the credit-card business of General Motors Co., doubling down on consumer banking and betting on a future where people pay for gas, takeout and groceries from the driver’s seat….

In their pitches to GM, Goldman and Barclays have pushed the idea of cars as e-commerce portals, people familiar with the matter said, an effort that the auto maker itself has embraced….

A deal with GM would advance Goldman’s ambitions on Main Street. Since launching its consumer arm, Marcus, four years ago, the firm has amassed $7 billion in loans and is aiming for $20 billion by 2025.

Goldman Sachs Vies for GM’s Credit Card, Betting You’ll Buy Coffee With Your Car [WSJ]



Goldman Analysts Think New Goldman Credit Card Not Worthy Of The Goldman Name

Apple Card, backed by the bank, is at best “OK but not great.”

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Goldman Sachs Is Doing Apple's Innovation For It These Days

DJ D-Sol is sampling Angelo Mozilo on Goldman's Apple Card plans.

[Public domain] via Wikimedia Commons

Goldman Betting $75 Million On Dealbreaker Ads

We welcome our new contextual advertising overlords.


Goldman Sachs Sends Supersonically-Rotating Corpse Of Founder Into Orbit

Why did they have to name their appeal to the common man for their proud and august founder?


Little Marcus Goldman Sachs Is A Real Handful

Goldman’s precocious online lending platform is getting a full-time nanny.

Goldman Sachs Dress Code

Goldman Spending Heavily On Regulatory Fines, Becoming A Different Bank Entirely

DJ D-Sol is spinning some sad tunes up on 12 if you’d like to commiserate.