Earlier this year we learned those consumer banking losses have come mostly from Apple Card and a Goldman acquisition called GreenSky.
As for why Goldman is seeing such a tough time with its nascent consumer banking offerings, the company says the primary cause is loan-loss provisions which are when a bank has to compensate for greater than expected unpaid credit card balances and loans.
i thought it was kinda silly when reddit blocked porn from the all & popular but holy shit do i appreciate it now. i’ve never seen my feed as bad as this. i’m getting so much that i will have 2-3 posts in a row from the same community.