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.

Resource

Finance

When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says

June 7, 2025

FA Playbook When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says Published Sat, Jun 7 20256:15 AM EDT Greg Iacurci@GregIacurci WATCH LIVE Source

Finance

Stocks making the biggest moves midday: Petco Health, Tesla, Circle, Lululemon & more

June 6, 2025

Check out the companies making the biggest moves midday: Petco Health — The retailer slumped 22% after losing 4 cents per share in the fiscal first quarter, twice the 2-cent loss that analysts had estimated, based on FactSet data. Revenue of $1.49 billion missed the Street’s $1.50 billion consensus, while same-store sales dropped 1.3%, worse […]

Finance

Swiss government proposes tough new capital rules in major blow to UBS

June 6, 2025

Key Points The Swiss government proposed strict new capital rules that would require banking giant UBS to hold an additional $26 billion in core capital. The measures would also mean that UBS will need to fully capitalize its foreign units and carry out fewer share buybacks. The Swiss National Bank said it supported the measures […]