Goldman Sachs holds talks about entering Irish banking market

Bank is 'exploring our options for future growth areas'

Goldman Sachs has held talks with regulators about an Irish launch of its retail bank Marcus, a move that could give the Wall Street giant access to tens of billions of euro in deposits. Picture: AP Photo/Richard Drew

Goldman Sachs has held talks with regulators about an Irish launch of its retail bank Marcus, a move that could give the Wall Street giant access to tens of billions of euro 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.