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Stock impact report

Goldman Sachs, the white-shoe investment bank, launches installment loan business with JetBlue [CNBC]

JetBlue Airways Corporation (JBLU) 
Last jetblue airways corporation earnings: 1/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.jetblue.com/investor-relations
Company Research Source: CNBC
JetBlue planes at a gate at John F. Kennedy International Airport in New York.Mark Kauzlarich | Bloomberg | Getty ImagesGoldman SachsJetBlue AirwaysThe bank quietly released a website for something calledMarcusPayGoldman is building out its Marcus brand with installment loans, a digital wealth management tool and a checking account next year, thebank said JanuaryDavid Solomon"This is a natural next step for Goldman," said Ian Kar, author of the newsletterFintech TodayThe partnership was in development months before the coronavirus pandemic put a halt to most air travel. Since few people are booking travel for trips happening soon, MarcusPay appears as a payment option for vacation packages that happen in the fall of this year, according to a person with knowledge of the situation. A JetBlue spokeswoman confirmed it was the inaugural partner for the Goldman product.Other partnerships will follow, as Goldman has made it clear that embedding its services with large corporations is a key Show less Read more
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