lost $3.03 billion in nearly three years on its platform solutions business that houses transaction banking, credit card and financial technology businesses.
The company disclosed a pretax loss for its newly-created platform solutions business of $1.2 billion for the first nine months of 2022.The disclosure did not provide separate numbers for its direct-to-consumer business, Marcus, which was moved into its asset and wealth management arm. "As had been widely expected, the new segment for Platform Solutions is operating at a net loss on a quarterly basis," said Jefferies analyst Daniel Fannon said in a note.
might have something to do with the fact that no one could figure out what 'platform solutions' were
Cool
Good
Must have been the good work of George Santos.
They should blame Santos4Congress