Goldman Sachs (GS) – Get Goldman Sachs Group, Inc. Report will take over General Motors’ (GM) – Get General Motors Company
General Motors
General Motors Company, commonly referred to as General Motors, is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in Detroit’s Renaissance Cen…
Report credit-card business, the two companies said Friday. The New York investment firm will be the issuing bank for the Detroit automaker’s credit-card programs, with the start of the program targeted for September.
Who will buy GM credit card portfolio?
Jan 15, 2021 · Investment banking company Goldman Sachs Group Inc. has announced that it will handle GM’s credit card business by September of 2021. The investment company acquired the business for $2.5 billion…
When will the GM MasterCard be available to new customers?
Aug 12, 2020 · Recent reports indicate that Goldman Sachs wants to add to its consumer banking presence, possibly with an acquisition of the GM credit card business.
What does GM’s new deal with Goldman Sachs mean for MasterCard?
Jan 18, 2022 · Goldman Sachs purchases the GM credit card portfolio from Capital One in a deal worth more than $2 billion. The purchase has already resulted in the launch of a new credit card, the My GM Rewards Mastercard, last week – along with the new My GM Rewards loyalty program. Now, Marcus by Goldman Sachs is providing an update on the status of existing credit …
Who is the issuer of the GM rewards card?
Jan 10, 2022 · New My GM Rewards Card holders can earn a 10,000-point sign-up bonus by spending $1,000 on the card within 90 days. You can earn a $100 statement credit each calendar year by spending $1,500 on …
Who owns the GM credit card?
Who took over GM Mastercard?
Is GM card Still Capital One?
What bank is GM rewards card?
Is Marcus by Goldman Sachs taking over Capital One?
Does Marcus by Goldman Sachs have a card?
How much is 10000 GM points worth?
Who acquired Capital One?
Who bought BuyPower card?
Is GM Card changing banks?
How much is 1000 GM points worth?
What is Capital One World Elite?
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Recent reports indicate that Goldman Sachs is interested in adding to its consumer banking presence, possibly with an acquisition of the GM credit card business.
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Who is the bank that issues credit cards for General Motors?
Goldman Sachs will become the issuing bank for General Motors’ credit-card programs. Author: Rob Lenihan. Goldman Sachs ( GS) – Get Report will take over General Motors’ ( GM) – Get Report credit-card business, the two companies said Friday.
Is General Motors a cheaper way to fund its auto loan business?
General Motors has been seeking a cheaper way to fund its auto-loan business. Last month, the carmaker’s finance arm formally submitted its application to the Federal Deposit Insurance Corp. and Utah’s finance regulator to form a so-called industrial loan company.
Does Goldman Sachs have a credit card?
Goldman Sachs has said it hopes to expand its portfolio of consumer loans to $20 billion in the coming years, Bloomberg reported. As part of those efforts, it’s debuted a credit card with Apple ( AAPL) – Get Report and has begun financing vacation purchases with JetBlue Airways ( JBLU) – Get Report.