Marcus Brings in $35bn in Deposits in 2018

During their latest earnings call Goldman Sachs revealed their digital bank Marcus brought in more than $35bn in deposits in 2018; investment and lending helped the bank to beat Wall Street estimates as they continue to receive a boost from the launch of Marcus; the numbers also revealed that the UK launch has already amassed more than 100,000 customers with more than $5bn in deposits; Marcus is becoming a core part to the Wall Street giant’s business as revenues from trading have been inconsistent. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.