As for an expansion into Germany, the FT pointed out that Marcus will enter a market that is known for being competitive, with players including ING and Santander already in the market. Marcus is to expand its online bank Marcus from the UK and into Europe , starting with Germany , according to Chavez , the CEO of the Germany arm of the investment bank. He said much of the bank's staff had already moved out of London because of Brexit , risks in the market and a private equity slowdown. The online bank will launch a UK savings product in 2016 but has no plans to offer consumer loans in the country. Additionally, Marcus may expand into credit cards, according to Goldman Sachs CFO Marty Richard Gnodde .
Marcus is to expand its online bank Marcus from the UK and into Europe , starting with Germany , according to Chavez , the CEO of the Germany arm of the investment bank. He said much of the bank's staff had already moved out of London because of Brexit , risks in the market and a private equity slowdown. The online bank will launch a UK savings product in 2016 but has no plans to offer consumer loans in the country. Additionally, Marcus may expand into credit cards, according to Goldman Sachs CFO Marty Richard Gnodde .