Goldman Sachs

Goldman’s GreenSky Sale Shows Building a Consumer Lending Business Is Easier Said Than Done
Goldman’s GreenSky Sale Shows Building a Consumer Lending Business Is Easier Said Than Done
October 16, 2023  |  Banking

There’s the ambition, and then there’s the reality. For Goldman Sachs, the retreat from consumer-focused, Main Street-financial services continues — evidence of just how bumpy...

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Report: Goldman Sachs Earnings Hit by Slowdown in Deal Making
Report: Goldman Sachs Earnings Hit by Slowdown in Deal Making
October 12, 2023  |  Earnings

Goldman Sachs is reportedly expected to announce weak quarterly earnings on Tuesday (Oct. 17) as a result of a slowdown in deal making and its...

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Goldman Sachs Sells GreenSky Platform and Loan Assets
Goldman Sachs Sells GreenSky Platform and Loan Assets
October 11, 2023  |  Fintech Investments

Goldman Sachs has announced the sale of its GreenSky platform and associated loan assets to a consortium of institutional investors led by global investment firm Sixth Street....

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Slowing Loan Growth Expected to Squeeze Big US Banks’ Profits
Slowing Loan Growth Expected to Squeeze Big US Banks’ Profits
October 09, 2023  |  Banking

The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits....

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Report: Bread Faces Credit Loss Concerns and Late Fee Uncertainty
Report: Bread Faces Credit Loss Concerns and Late Fee Uncertainty
October 02, 2023  |  Credit Cards

Bread Financial Holdings is reportedly grappling with challenges as it confronts rising credit losses and uncertainty surrounding late fees. The company’s stock price fell 3.9% as...

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Goldman: Credit Card Losses Climbing at Quickest Rate Since 2008
Goldman: Credit Card Losses Climbing at Quickest Rate Since 2008
September 24, 2023  |  Consumer Finance

Credit card companies are seeing losses rise at the fastest rate since the Great Recession. That’s according to a widely shared Goldman Sachs research note...

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Report: Apple Scrapped Stock-Trading Plan With Goldman Over Market Conditions
Report: Apple Scrapped Stock-Trading Plan With Goldman Over Market Conditions
September 20, 2023  |  Apple

Apple was reportedly planning to add a stock-trading feature to its iPhones, but halted the project last year due to market conditions. The feature, which was...

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Report: Goldman Sachs Nearing Sale of GreenSky Unit
Report: Goldman Sachs Nearing Sale of GreenSky Unit
September 20, 2023  |  Acquisitions

Goldman Sachs is reportedly in advanced talks with possible buyers for its FinTech lender GreenSky. As the Wall Street Journal (WSJ) reported Tuesday (Sept. 19),...

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Goldman Sachs Creates Unit for Wealthy Clients to Invest in Sports Teams
Goldman Sachs Creates Unit for Wealthy Clients to Invest in Sports Teams
September 15, 2023  |  Banking

Goldman Sachs has reportedly created a “sports franchise” unit within its investment banking division. The new unit aims to provide wealthy clients with the opportunity...

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