Goldman Sachs Group Inc plans to stop originating unsecured consumer loans, a source familiar with the move told Reuters on Monday, in another sign the bank is stepping back from its consumer business.
The Goldman Sachs company logo is on the floor of the New York Stock Exchange in New York City, U.S., July 13, 2021. REUTERS/Brendan McDermid/plans to stop originating unsecured consumer loans, a source familiar with the move told Reuters on Monday, in another sign the bank is stepping back from its consumer business.
The move on unsecured loans, which was first reported by Bloomberg on Monday, was reported alongside news that the bank plans to cut at least a few hundred more jobs, citing people familiar with the matter.The company might prune headcount if the business environment becomes tougher, Chief Executive Officer David Solomon said in an interview on Bloomberg TV last week.
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