Goldman Sachs CEO David Solomon reportedly said Wednesday (Sept. 11) that the bank’s exit from its credit partnership with General Motors is no “messier” than it expected. Solomon’s comments came during an interview on CNBC in which he was asked if the exit was messier than Goldman...
Goldman Sachs and Barclays are seeking a deal on Goldman’s $2 billion portfolio of loans made to General Motors customers. The deal, if it goes through, will see Goldman Sachs sell the portfolio of loans to Barclays at a discount to the value of the outstanding...
Goldman Sachs this week reported losses related to its Main Street lending business. The banking giant has been pulling away from the credit card lending space, a departure that a Tuesday (Sept. 10) report by The Wall Street Journal (WSJ) characterized as “messy,” driven by...
Generative AI is revolutionizing the automotive industry, pushing the boundaries of vehicle design, manufacturing and customer experience. The technology, which harnesses advanced algorithms to create novel solutions and streamline processes, is reshaping how carmakers approach R&D and interact with consumers. A PYMNTS Intelligence report, “How...
July 05, 2024
As U.S. consumers take to the road this summer, the state of electric vehicles hangs in the balance and the payments industry grapples with the issues that will provide the right platform for its growth. First, the sales update. As the major car companies report their second-quarter 2024 sales, the results for overall electric vehicle […]
July 04, 2023
According to estimates from the American Automobile Association (AAA), a record number of Americans — 43.2 million people — are expected to be traveling by car this July Fourth weekend....
June 22, 2017
From depositing money to grocery shopping to access to vehicles, unattended retail solutions are stepping up to meet a variety of needs in an age of unattended retail solutions. Unattended...
January 19, 2017
Consumers can rent anything from jewelry to books, even clothes to corporate jets, via subscription services, so why not a luxury vehicle? But who is actually in the market for...
October 14, 2024
Barclays US Consumer Bank will become the exclusive issuer of General Motors’ GM Rewards Mastercard and GM Business Mastercard in the United States in the summer of 2025 and will acquire the card program’s receivables from the current issuer — Goldman Sachs — next year. The bank and the automaker announced their new long-term partnership […]
September 11, 2024
Goldman Sachs CEO David Solomon reportedly said Wednesday (Sept. 11) that the bank’s exit from its credit partnership with General Motors is no “messier” than it expected. Solomon’s comments came during an...
September 10, 2024
Goldman Sachs and Barclays are seeking a deal on Goldman’s $2 billion portfolio of loans made to General Motors customers. The deal, if it goes through, will see Goldman Sachs sell...
September 10, 2024
Goldman Sachs this week reported losses related to its Main Street lending business. The banking giant has been pulling away from the credit card lending space, a departure that a...
