Klarna results show full-year loss of $1bn With the cash cow now struggling, some decisions made to grow so quickly in consumer and platforms start to look less sensible in hindsight.Ģ. 🤔 Goldman could fund the growth of Marcus, transaction banking, and Apple Card while the sun was shining on its investment banking division. Goldman posts worst earnings miss in a decade Goldman profits fell by 66% YoY to $1.32bn as operating expenses increased by 11% due to higher compensation, transaction fees, and more than $1bn in credit losses. Vexi - Low interest Credit Cards for Mexicoġ. Stakeholder Labs - Stock ownership as loyaltyĪmpla - "Shopify Capital" for any consumer brand. Perhaps most so for Fintech companies that are or become banks. Many will fail, but the opportunity is massive. Exceptions will deliver more engaging experiences closer to a customer context (like home buying or travel). Despite the recent performance, most banks continue to erode revenue, profit, and relevance.
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