Goldman Sachs slips on report that the Federal Reserve is investigating its Marcus business
In this article GS GSBD Follow your favorite stocks CREATE FREE ACCOUNT David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023. Adam Galica | CNBC Goldman Sachs shares came under pressure Friday after a Wall Street Journal report said the Federal Reserve is investigating the bank's consumer business . Shares slipped nearly 3% on the news. Goldman Sachs is now up less than 1% on the year. related investing news Bank of America double downgrades Charles Schwab, says clients will continue to shift to money market funds Sarah Min a day ago Goldman Sachs daily stock move The regulator is looking into whether Goldman Sachs had the right safeguards in place to protect consumers when it increased lending in the division, also known as Marcus, according to the Journal report which cites sources familiar with the matter. The Fed was previously reviewing Marcus, Bloomberg news reported in September. "As we told ...