Focus on unsecured loans as an underserved part of the market
Stephen Scherr, who runs the bank embedded inside Goldman, spoke publicly about the firm’s online-lending effort for the first time Tuesday, offering a few new details about the Wall Street titan’s push onto Main Street. The bank has been taking consumer deposits online since the spring and plans a new lending platform, dubbed Marcus, to go live as early...
http://www.wsj.com/articles/goldman-sachs-gives-a-glimpse-into-its-new-lending-plans-1475016665