I was on the product team in the early days of Marcus, so I'm old enough to remember analysts calling for GS to spin it off and saying it "wasn't a core compentency" of the firm Lmaohttps://twitter.com/rexsalisbury/status/1444876132243820547 …
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You misspelled Net Interest Margin
We are not selling a bank anymore, we are selling banking-as-a-service, ideally through a whitelabel API, get with the times!
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A race to the bottom to provide a commodity service with subpar tech talent, and senior leadership that won’t understand it enough to throw the necessary manpower and resources at it, I’ve heard this story in literally every seat I had there
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Though anecdotally some fixed income desks have really stepped up risk taking there recently, so let's see...
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Wow. I always kind of thought of it this way but never quite put thoughts into words. You just earned yourself a follow
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This isn’t tongue-in-cheek, GS wants clients to interact with its commercial banking service through APIs to move money around and manage their accounts
End of conversation
New conversation -
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