Goldman Sachs in Discussions with Barclays to Transfer GM Credit-Card Collaboration
Tuesday, 30 April 2024, 03:00
Goldman Sachs Considering Transfer of GM Credit-Card Partnership
The recent discussions between Goldman Sachs and Barclays have centered around the potential transfer of the GM credit-card partnership. This move could see the collaboration, encompassing around $2 billion in card balances, transitioned to Barclays.
Key Highlights:
- Partnership Transfer: Potential shift of GM credit-card collaboration from Goldman Sachs to Barclays.
- Financial Transaction: Involving approximately $2 billion in card balances.
- Expected Completion: Deal could be finalized by summer.
Overall, this transition signifies a notable shift in the financial landscape, with implications for both companies involved.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.