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Goldman bankers join Walmart effort to take on Wall Street – Financial Times

Omer Ismail and David Stark sign up to fintech venture by world’s largest retailer

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The head of Goldman Sachs’ consumer finance division, Omer Ismail, and one of its top executives, David Stark, are both leaving to join a fintech start-up backed by Walmart and Ribbit Capital.
The hires represent a big step in the second big effort by the world’s largest retailer to enter financial services, after it abandoned its plan to start a bank over a decade ago, under pressure from regulators.
Walmart and Ribbit have provided little information about the start-up, which was announced in…

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