Goldman adds $17bn of deposits in Q3

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: