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Goldman Sachs enters UK retail savings market

Consumer bank Marcus has been a way for Goldman to present a friendlier image

Goldman Sachs entered Britain’s £700bn cash savings account market Thursday with the UK launch of its consumer bank Marcus, adding a fresh source of funding for the US investment bank.

Online-only Marcus offers savings accounts paying interest of 1.5%, the highest rate for instant-access savings products, according to price-comparison websites.

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