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Goldman Sachs plans to offload GM credit card - source

FILE PHOTO: Logo of GM atop the company headquarters
April 26, 2024
Reuters - Reuters

(Reuters) - Goldman Sachs plans to offload its General Motors credit cards, a person familiar with the matter told Reuters on Tuesday.

GM will start a process to find a new issuer for the cards instead of Goldman Sachs, the source added.

The automaker did not immediately respond to a Reuters request for comment.

(Reporting by Saeed Azhar in New York and Manya Saini in Bengaluru; Editing by Shounak Dasgupta)

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