NEW YORK - Goldman Sachs Group Inc officially became a credit-card lender on Tuesday by rolling out its first product with Apple Inc , but the bank has aspirations to grow much bigger in consumer lending, its chief executive said in an internal memo viewed by Reuters.
"Apple Card is big, but it's also a beginning," Goldman's CEO David Solomon wrote in an internal email to employees."In the decades to come, I expect us to be a leader in our consumer business, just like we are in our institutional and corporate businesses."
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