Goldman adds $17bn of deposits in Q3

Consumer platform Marcus doubles deposits year-on-year

Total deposits held by Goldman Sachs increased to $183 billion in Q3, up 10% on the quarter and 20% on the year, much of them drawn in by its retail banking platform, Marcus.

Consumer deposits brought in by Marcus hit $55 billion, more than double the amount the same quarter a year ago, finance chief Stephen Scherr said on an earnings call today (October 15). He added that Marcus is now Goldman’s largest source of deposits.

Deposits made up 20% of Goldman’s total liabilities, not including

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