Report: Goldman Sachs, Barclays among bidders for GM’s credit card business | Malay Mail

Wednesday, 12 Aug 2020 11:01 PM MYT

NEW YORK, Aug 12 — Goldman Sachs Group Inc is looking to buy General Motors Co’s credit card unit as it looks to double down on its consumer banking arm, theBarclays is also among a small number of bidders for the automaker’s credit card business, which has about US$3 billion in outstanding balances, the report said, adding that a decision is expected in the next few weeks.

As part of its consumer push, Goldman has been offering personal loans and savings accounts through its online bank Marcus, which has grown quickly since its 2016 launch.

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