Loan appetite pushes credit risk higher at Goldman Sachs

Goldman Sachs’s plunge into consumer lending is pumping up its credit risk capital requirements under the standardised approach, Risk Quantum analysis shows.

As of end-September, the bank had $100.1 billion loans outstanding, up 24% from $80.8 billion at end-2017. Allowances for loan losses totalled $1.3 billion, up from $803 million in Q4 2017.

Consumer loans, originated by the bank’s Marcus platform, made up $5.5 billion of total loans, up from $1.9 billion at end-2017. 

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