Goldman Sachs’s retail arm, i.e. it’s internet bank, is in talks to offer financing for Apple customers, unnamed sources say, NYT Dealbook reported, quoting WSJ.
Well Goldman would like financing Apple’s customers wouldn’t they? iPhone owners are suckers for anything including high cost loans. The top of the range Google and Samsung phones are value for money, while the Chinese models are really great value, if one is not unfortunate enough to get a dud one.
This financing of Apple users is part of its push into mortgages, insurance, and car loans in an attempt to be financier of choice to US consumers.
Dead partners of Goldie vmust be rolling in their graves.
Worse than becoming a consumer financing business: once upon a time, customers needed US$10m to open an account with Goldman. Today they can open an online savings account with the bank with only US$1.
