09-05-2018 19:47 via feeds.bizjournals.com

Goldman CEO Blankfein addresses riskier loans from personal lending unit

Goldman Sachs (NYSE: GS) has raised eyebrows on Wall Street as its new personal lending arm, Marcus, disclosed it was making more loans to borrowers with less than pristine credit.But the banking giant’s CEO Lloyd Blankfein said Tuesday that Marcus, which has a growing office in Richardson, is relying on more than traditional credit scores when deciding to make its loans.“We’re trying to have very high credit quality and are growing the business more slowly as a result of it, b
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