Goldman Shakes Up Consumer Banking Plans

Goldman Sachs, under CEO David Solomon, aimed to revolutionize digital banking with Marcus. However, due to market pressures and a significant drop in stock value, the company is scaling back its consumer banking ambitions. This includes restructuring plans and reducing focus on consumer services like credit cards, as shareholders express dissatisfaction with the current trajectory.

What impact has the decline in Goldman Sachs' stock had on its business strategy?

What steps is Goldman Sachs taking to restructure its consumer services?