Goldman Sachs nearing a deal to transfer GM credit card business to Barclays, source says

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Goldman Sachs News

General Motors,Barclays,David Solomon

Goldman Sachs is close to finalizing a deal to transfer its General Motors credit card business to Barclays, a source familiar with the matter said on...

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange in New York CityNEW YORK - Goldman Sachs is close to finalizing a deal to transfer its General Motors credit card business to Barclays, a source familiar with the matter said on Tuesday.

Goldman Sachs CEO David Solomon said on Monday at a conference the sale of loans to small and medium sized retail businesses, and its plans to exit the GM credit card partnership will likely mean a pretax charge. The Nirvana drummer and Foo Fighters founder plans to be "a supportive parent" to his newborn daughter and regain the trust of his wife and daughters.NEW YORK — Constantine Orbelian was promoted Tuesday to executive director of the largely dormant New York City Opera, which hasn’t given a staged performance since 2022 and says it will return with William Grant Still’s “Troubled Island” at City Center in 2025-26.

Centessa has a potential blockbuster narcolepsy treatment on its hands, an analyst said Tuesday. But the biotech stock reversed into the red. Over the last 7 days, the Canadian market has dropped 1.3%, but it has risen by 13% over the past year, with earnings forecasted to grow by 15% annually. In this context, identifying growth stocks with high insider ownership can be particularly valuable as they often signal strong confidence from those closest to the company's operations and future prospects.

 

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