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Goldman May Tap Brakes, Again, on Consumer Unit’s Next Big Thing

  • Firm considers delaying full rollout of new checking accounts
  • Marcus losses are set to top $4 billion since unit’s inception
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Goldman Sachs Weighs Shelving Marcus Checking Accounts

Goldman Sachs Group Inc. is reconsidering how to launch a long-delayed product for the masses as senior executives wrestle with cost overruns.

For more than a year, the firm’s consumer-banking arm has strained to ready online checking accounts that will let users set up direct deposits and pay their bills online -- a key step toward the Wall Street titan’s goal of building a digital bank of the future.