>> This guy has British banks worried, even though he's been dead for a century. Marcus Goldman giving his name to the new online bank from the firm he founded, Goldman Sachs. It's already racked up $20 billion in deposits in the US. Now it's going off to retail customers in the UK too, offering a much higher interest rate than local rivals.
Reuters Emma Rumney in London says the going will get tougher, though.>> So Marcus has faired really well since its launch. It's seen some really rapid customer growth, acquiring about 100,000 customers in about six weeks. But to put that in context, it's a drop in the ocean compared to the tens of millions of customers at big banks.
And that kind of growth might be quite difficult to sustain. It's notoriously difficult to get UK consumers to switch banks.>> Marcus is not the only challenge to the old order, British banks also facing newcomers like Richard Branson Virgin money among its marketing funky lounges and even, yes, a bank with a bowling alley.
It's certainly a fresh look for the sector. But Marcus may be a more worrying rival.>> A number of top executives some of Britain's major banks have told us that they are more worried about markets. Then some other smaller digital banks have popped up in Britain in recent years.
And that's because Marcus is backed by Goldman Sachs one of the world's most successful investment banks. And with that sort of financial fire power behind him, Marcus has the sort of muscle to really compete and stay the course as a challenger.>> British banks are fighting back. Barclay says it now plans an online only checking account in the US.
Others are matching Marcus on rates. For now at least, that might maker savers a winner in this battle of the banks