tylerthehuman

u/tylerthehuman@lemmy.world
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Earlier this year we learned those consumer banking losses have come mostly from Apple Card and a Goldman acquisition called GreenSky.

As for why Goldman is seeing such a tough time with its nascent consumer banking offerings, the company says the primary cause is loan-loss provisions which are when a bank has to compensate for greater than expected unpaid credit card balances and loans.

meh, twitter and reddit are moving along just fine. this happens every once and awhile and nothing comes from it. the content on lemmy is bland. i think this will be a trend that dies off as more people don’t understand how it works.