Sources also say the talks and eventual deal close will likely involve attaching Goldman’s brand to Amazon’s lending product in some way. The global marketplace has lent to its small business merchants for the last eight years through ‘Amazon Lending’, using the data it already holds on these merchants to quickly calculate appropriate loan amounts.
Goldman spoke openly with shareholders, analysts and regulators on its first ever ‘investment day’ on 29 January. The bank revealed its plans to grow its consumer deposit balances to $125 billion or more over the next five years and grow its consumer loans and card balances to more than $20 billion over the same period.
