Goldman Near Selling GM Credit Card Business: Will It Benefit GS?
GSGoldman Sachs(GS) ZACKS·2024-09-12 01:50

The Goldman Sachs Group, Inc. (GS) is set to finalize an agreement to transfer its General Motors (GM) credit card business to Barclays (BCS) . The companies are still in the final stages of negotiation.In November 2023, Goldman announced plans to discontinue its co-branded credit cards with GM. The credit card program, provided by Mastercard through Goldman, was created in 2022 to allow consumers to earn additional points toward purchasing or leasing Buicks, Cadillac and other General Motors vehicles.Ratio ...