Goldman Sachs faces massive writedown on CEO David Solomon’s sick-fated GreenSky deal

Goldman Sachs faces massive writedown on CEO David Solomon’s sick-fated GreenSky deal


Crucial Details
  • Goldman Sachs is probable to consider a large writedown for its 2021 acquisition of fintech loan company GreenSky soon after searching for to unload the small business, CNBC has discovered.
  • KKR, Apollo International Administration, Sixth Road Companions, Warburg Pincus and Synchrony Bank have been among the asset professionals and creditors concerned in the first round of bids, in accordance to resources.
  • “Everybody’s been coming in reduced, and the Goldman workforce keeps pushing back again, pounding the table about the price of it,” reported 1 of the bidders.



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