Goldman Sachs scraps idea for direct-to-buyer credit score card immediately after technique shift

Goldman Sachs scraps idea for direct-to-buyer credit score card immediately after technique shift


Vital Details
  • A Goldman credit score card would’ve been aspect of a suite of products to help enhance the income margins and loyalty of its retail endeavours, according to people today with awareness of the matter.
  • When it scaled again designs to turn out to be the key lender for the masses, the rationale for a Goldman card evaporated, stated a single of the people today.
  • The bank’s ambitions in customer finance outstripped its potential to execute on them, Solomon acknowledged past thirty day period.



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