Goldman Sachs? Marcus Pauses Adding Some UK Accounts To Avoid ?Ring Fencing? Rules
PYMNTS
JUNE 10, 2020
billion), the bank would have to “ring fence” those deposits. As reported by CNBC, the lines will sport interest rates spanning roughly 7 percent to 21 percent. Thus far, Marcus has taken in retail deposits of more than 21 billion pounds ($26.8 billion), according to CNBC. But if that rises to 25 billion pounds ($31.9 savings accounts.
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