How Goldman Sachs Fumbled Its Consumer Business

📆 16/10/2023 22.38.00
📰 WSJ

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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.

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