Goldman, Wells Fargo look at credit cards for bigger returns

In the eurozone, the ECB is slowing

NEW YORK: Two of the biggest US banks, Goldman Sachs Group Inc and Wells Fargo & Co, are on the brink of piling into credit-card lending, seeking a share of the US$183bil in fees and interest tied to the product.

Goldman Sachs is weighing the move as part of a push into consumer finance with its Marcus online lender, chief financial officer Marty Chavez said during a conference call with analysts last month.