Ramin Talaie/Corbis/Getty Images Goldman Sachs won the bid for General Motors' credit-card business for roughly $2.5 billion, The Wall Street Journal reported Thursday.
The Wall Street giant beat out Barclays, acquiring more than one million GM cardholders and the $8.5 billion they spend annually, according to The Wall Street Journal.
This is Goldman Sachs' second co-branded card, following the Apple Card, as it looks to expand its consumer-lending business.
The federal government has ordered General Motors to recall 5.9 million SUVs and big pickup trucks as part of a larger effort to replace potentially dangerous..
Credit: CBS News - Published 6 hours ago
GM urges other carmakers to withdraw support of the Trump administration's attempt to bar California from setting its own emission rules.
Credit: USATODAY.com - Published 7 hours ago
Automaker had sided with the Trump administration in a bid to block California from setting clean-air standards.
Credit: CBS News - Published 8 hours ago
General Motors said it would no longer back President Trump’s lawsuit seeking to strip California of the power to set fuel economy standards.
Credit: NYTimes.com - Published 12 hours ago
Goldman Sachs Group Inc is buying General Motors Co's credit card business for about $2.5 billion, the Wall Street Journal reported on Thursday, citing people...
on October 1, 2020 • Newsmax