GOLDMAN PICKS GERMANY FOR GROWTH – Goldman Sachs plans to expand their Marcus consumer bank across Europe, with the location chosen, Germany. @Richard Gnodde, CEO of Goldman Sach’s UK operation, explained in an interview the international strategy for Marcus, along with revealing how many staff the bank has moved from London ahead of Brexit. Gnodde also warned of the looming market risks with a likely “downdraft” in private equity and the danger that Argentina’s problems will create wider problems for emerging markets. Marcus has gathered $20bn of deposits and $3bn of loans, which is a very small percentage of Goldman’s $72bn lending book. Mr Gnodde said “Over time you can grow very significant businesses in this space. We are doing this because we wanted to be meaningful over time.” #SpartanInternational