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Goldman Sachs’ consumer business faces regulatory investigation
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fnlondon.comThe Federal Reserve is investigating Goldman Sach’s consumer business to determine whether the bank had appropriate safeguards in place as it ramped up lending, according to people familiar with the matter.
The regulator has concerns that the bank didn’t have proper monitoring and control systems inside the consumer business, known as Marcus, especially as it grew larger, the people said.
The...
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