Goldman Sees Consumer Business Losses Topping $1.2B

The video discusses Goldman Sachs' consumer division, highlighting its financial losses despite market expansion. With 13 million customers and $100 billion in deposits, the division is losing more money than expected. Analysts and investors are keen to see a turnaround. The video also explores the challenges of entering the lending business and compares Goldman Sachs' strategy with Morgan Stanley's approach, which focuses more on wealth management than deposits and loans.

What is the main financial issue faced by Goldman Sachs' Marcus Division?

• It is losing more money than expected.

• It has too much competition.

• It has too few customers.

• It is not expanding its market.

What is one of the challenges of entering the lending business mentioned in the video?

• It is easy to manage.

• It is costly to enter.

• It requires a lot of marketing.

• It is inexpensive to start.

How does Goldman Sachs' consumer banking strategy potentially benefit them?

• By increasing the cost of funding.

• By increasing competition.

• By lowering the cost of funding.

• By reducing the number of customers.

Which bank is mentioned as having made a strategic pivot in the past?

• Citibank

• JPMorgan Chase

• Morgan Stanley

• Bank of America

What is the focus of Morgan Stanley's consumer division compared to Goldman Sachs?

• More on deposits and loans

• More on wealth management

• More on international markets

• More on retail banking