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Goldman Sachs eyes Germany for expansion of Marcus

Goldman Sachs plans to extend its Marcus consumer bank across Europe and has picked Germany as the market to follow its imminent UK launch

Richard Gnodde outlined the international strategy for Marcus in a wide-ranging interview where he also revealed how many staff the bank has moved from London ahead of Brexit, and warned of looming market risks — from a likely “downdraft” in private equity to the danger that Argentina’s problems herald wider problems for emerging markets.

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