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 significance of the cost of funding for Goldman Sachs in the context of its consumer division?

What strategic pivot is Goldman Sachs considering in comparison to Morgan Stanley?