Why Goldman Might Be Cutting Marcus Lending Goal

The transcript discusses Goldman Sachs' strategy with its consumer lending platform, Marcus. It highlights the company's cautious approach in response to a potentially changing credit cycle. Goldman Sachs, traditionally focused on corporate clients, is now venturing into personal loans, which is outside its usual domain. The company has seen rapid growth but is now considering scaling back new loan originations as a prudent step. This move reflects their adaptation to market conditions and strategic planning for future consumer lending.

What does the phrase 'tapping the brakes on Marcus' imply about Goldman's future plans?

In what ways does Goldman's strategy in consumer lending differ from its traditional operations?