(Reuters) – Goldman Sachs Group Inc (N:) is looking to buy General Motors Co’s (N:) credit card unit, which has about $3 billion in outstanding balances, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Barclays (L:) is also among bidders for the automaker’s credit card business, the report said, adding that a decision is expected in the next few weeks. (https://on.wsj.com/33Solk0)
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.