Goldman Sachs is picking up General Motors' credit-card business for a price tag of roughly $2.5 billion,Goldman beat out UK-based Barclays for the deal, which gives it more than one million GM cardholders and the approximately $8.5 billion they spend annually, according to The Wall Street Journal.
According to Thursday's report, Goldman and Capital One have reached an agreement on the general terms of the deal, such as top-line price, and plan to finalize the details in the next few weeks. Landing GM's card business would be Goldman's second co-branded consumer credit card and another significant step into the consumer-lending business, following its
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TikTok employees describe life inside the company as its future hangs in the balance - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 'On Sunday, September 27, the US courts issued an injunction preventing the implementation of the Executive Order'
Source: BusinessInsider - 🏆 729. / 51 Read more »
Investing strategy: Ex-Goldman trader shares stock picks, top ideas - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
$500 Hawaii Restaurant Card for unemployed covers food, alcohol, tips - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It's so expensive out there. That will be 2 days worth of meals (j/k) scottsantens EndPovertyOrElse FuckAroundAndFindOut
Source: BusinessInsider - 🏆 729. / 51 Read more »
How a 16-year-old made millions collecting and reselling trading cards - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. RobinMadell garyvee RobinMadell Who? RobinMadell Just like us whom made a lot at the end of the dot com bubble, he got lucky.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Exxon in Guyana: Government approves $9 billion oil-drilling project - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »