Goldman Sachs exits consumer banking after $3B+ unit sales to refocus on institutional wealth
Goldman Sachs has divested its entire consumer banking division through a series of sales totaling over $3 billion, including its Marcus loan portfolio (2023), GreenSky platform (2024), and Personal Financial Management unit to Creative Planning (2023). JPMorgan will acquire the Apple Card program in 2026, completing Goldman's retreat from retail finance. The bank is redirecting capital to institutional wealth management, forming Capital Solutions Group in 2025 and acquiring Industry Ventures an
ViaNews Editorial Team (Finance)•