Business
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
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…
