TELETRADER News
2/3, 4:12 PM (Source: TeleTrader)
more TeleTrader news

Goldman, Amazon mulling SME loans project - report

Goldman Sachs Group Inc. and Amazon.com Inc. are negotiating the possibility of providing loans for small and medium-sized enterprises (SME) in the United States, the Financial Times reported on Monday, citing anonymous sources.

Amazon Lending program would serve as the basis for the project, which could be launched in March 2020. The platform could be used by Goldman to offer loans through it, according to the report. Both companies declined to comment to the media outlet.

Last year, Goldman hailed cooperation with Apple Inc. and the launch of the Apple Card.

Breaking the News / MS