Anonymous ID: 9db011 Oct. 1, 2020, 11:49 a.m. No.10872320   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>2412

Goldman to buy GM's credit card unit for $2.5 billion

 

Goldman Sachs Group Inc GS.N is buying General Motors Co's GM.N credit card business for about $2.5 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

 

The Wall Street bank won the bidding for the deal over Barclays Plc BARC.L, according to the report. Goldman Sachs, GM and Barclays did not immediately respond to Reutersโ€™ requests for comment.

https://www.reuters.com/article/gm-divestiture-goldman-sachs/goldman-to-buy-gms-credit-card-unit-for-2-5-bln-wsj-idUSL4N2GS364

 

Parking it at Goldman Sachs so they don't have to deal with it on own books.

See Bank of America and Countrywide in 2008