Goldman in Talks to Expand Marcus Retail Bank Into Ireland

Goldman Sachs Group Inc. has held talks with regulators about an Irish launch of its retail bank Marcus, a move that could shake up the country’s heavily concentrated market and give the Wall Street giant access to tens of billions of euros in deposits.

The early-stage discussions took place in recent months and Ireland was one of the locations being considered for widening Marcus’ footprint, according to people familiar with the deliberations. Another potential geography is Germany, where Goldman had intended to launch in 2019, the people said, asking not to be identified because the matter is private. No decision has been taken yet, they added.