“The global financial crisis reminded banks that,while bad credit can be a cancer- like slow killer, a liquidity crunch can be a sudden executioner. The result was new regulations that set funding levels to help banks better ride out the kind of evaporating funding that brought down Lehman Brothers. One reaction to these new rules has been for some banks, such as Goldman Sachs, to enthusiastically embrace their new role as retail deposit gatherers. Indeed,Goldman has made the growth of Marcus, the company’s digital retail bank, a key plank of their strategy.” Download the full article below.
Article by Alan McIntyre, Forbes.comDownload