News Formal

How Goldman Sachs Fumbled Its Consumer Business

  • 📰 WSJ
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

When Goldman Sachs entered the credit card space in 2019, many consumer banks were concerned that a new competitor had emerged. But just four years later, the firm is pulling back. We explain why. Photos: Reuters

What was the turning point that led Goldman to retreat from this space?Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.Despite being so close to a war zone, Israel's Ben Gurion Airport remains open.

Photo Composite: George Downs/ The Wall Street JournalOhio’s Jim Jordan and Louisiana’s Steve Scalise are vying to be the next Speaker of the House. WSJ explains how the two became the frontrunners and how they’re pitching themselves to House Republicans. Illustration: Madeline MarshallAs Ukraine continues its push to retake territory, Kyiv’s forces are increasingly attacking Russia’s logistics and military installations in Crimea.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 98. in BUSİNESS

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.

Earnings playbook: Netflix and Goldman Sachs headline a big week of reportsExpectations for the overall earnings season are muted.
Source: CNBC - 🏆 12. / 72 Read more »

Goldman Sachs Wants Out of the Apple Card Business, Report ClaimsThe Wall Street giant is expected to disappoint in Tuesday's third-quarter earnings, with the Apple partnership facing intense scrutiny.
Source: Gizmodo - 🏆 556. / 51 Read more »

Stocks Are Poised to Rise MondayThis week includes earnings reports from Tesla, Netflix, and Goldman Sachs.
Source: MarketWatch - 🏆 3. / 97 Read more »