Goldman Sachs lands $2.5 billion GM credit card business: report - Business Insider

Goldman Sachs reportedly just landed GM's $2.5 billion credit card business, its second co-branded deal after the Apple Card

10/2/2020 1:43:00 AM

Goldman Sachs reportedly just landed GM's $2.5 billion credit card business, its second co-branded deal after the Apple Card

Business Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.

.Goldman Sachs is picking up General Motors' credit-card business for a price tag of roughly $2.5 billion,The Wall Street Journal reported Thursday, as it doubles down on its push into consumer lending.Goldman beat out UK-based Barclays for the deal, which gives it more than one million GM cardholders and the approximately $8.5 billion they spend annually, according to The Wall Street Journal.

Amy Coney Barrett sworn in as Supreme Court justice 100,000 in Southern California to evacuate as blaze grows Following confirmation to Supreme Court, Barrett takes 1st oath at White House

Goldman and GM did not respond to requests for comment.The paper initiallyreported in Augustthat Goldman was looking to acquire GM's card business away from Capital One, which currently issues GM's three cards — the BuyPower Card, a business card, and a card for GM employees and suppliers — and has a year left on its contract.

According to Thursday's report, Goldman and Capital One have reached an agreement on the general terms of the deal, such as top-line price, and plan to finalize the details in the next few weeks. Read more: Business Insider »

Senate likely to confirm Barrett to U.S. Supreme Court, cementing conservative majority

The Republican-controlled U.S. Senate is expected on Monday to confirm President Donald Trump's nominee, Amy Coney Barrett, as the next justice to the Supreme Court, a move that will tilt the country's highest court further to the right for years to come.

TikTok employees describe life inside the company as its future hangs in the balance - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 'On Sunday, September 27, the US courts issued an injunction preventing the implementation of the Executive Order'

Goldman to buy GM's credit card unit for $2.5 billion - WSJGoldman 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 familiar with the matter. Media B's fake news = Obama *shit Clinton *shit %95 percent chance 2016 VS. Biden *shit 59% chance 2020 To help the debtors or to make money ? ;)

Investing strategy: Ex-Goldman trader shares stock picks, top ideas - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.

$500 Hawaii Restaurant Card for unemployed covers food, alcohol, tips - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It's so expensive out there. That will be 2 days worth of meals (j/k) scottsantens EndPovertyOrElse FuckAroundAndFindOut

How a 16-year-old made millions collecting and reselling trading cards - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. RobinMadell garyvee RobinMadell Who? RobinMadell Just like us whom made a lot at the end of the dot com bubble, he got lucky.

Exxon in Guyana: Government approves $9 billion oil-drilling project - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.