Goldman Sachs' new online lending business has already hit a $1 billion milestone (GS)

Wikimedia Commons Goldman Sachs launched Marcus, an online lending business for customers seeking loans of $30,000 or less, in October 2016. It was a departure from what Goldman Sachs is best known for, namely, wealth management, trading, and investment banking. And the business has already hit a $1 billion milestone, according to Goldman Sachs Lloyd Blankfein. Blankfein said in an interview on CNBC’s “Mad Money with Jim Cramer” that "we just crossed over a billion dollars." "By the end of...