Goldman Sachs Mulls GM Credit-Card Program Shift To Barclays: Report
Goldman Sachs Mulls GM Credit-Card Program Shift To Barclays: Report
Goldman Sachs Group Inc (NYSE:GS) is reportedly in discussions to shift its General Motors Company (NYSE:GM) credit-card program to Barclays PLC (NYSE:BCS), marking a huge move in Goldman's withdrawal from consumer lending.
据报道，高盛集团公司（纽约证券交易所代码：GS）正在讨论将其通用汽车公司（纽约证券交易所代码：GM）的信用卡计划转移到巴克莱集团（纽约证券交易所代码：BCS），这标志着高盛退出消费贷款的重大举措。
Barclays emerges as the top contender to take over the credit-card issuance, which currently holds approximately $2 billion in balances, according to a report from The Wall Street Journal. A potential agreement could be reached by summer.
据《华尔街日报》报道，巴克莱成为接管信用卡发行的最大竞争者，目前信用卡发行的余额约为20亿美元。可能在夏天之前达成一项潜在的协议。
While other contenders like U.S. Bancorp (NYSE:USB) and Bread Financial Holdings Inc (NYSE:BFH) were initially in the running, they have recently withdrawn, according to the report.
报告称，尽管美国银行（纽约证券交易所代码：USB）和Bread Financial Holdings Inc（纽约证券交易所代码：BFH）等其他竞争者最初处于竞选状态，但他们最近已退出。
However, there's no assurance that Barclays will finalize the deal, as another potential buyer might emerge.
但是，无法保证巴克莱银行会完成交易，因为可能会出现另一个潜在的买家。
Goldman's decision to exit the partnership was communicated to employees in November, following challenges in customer acquisition.
继客户获取遇到挑战之后，高盛于11月向员工传达了退出合作伙伴关系的决定。
Executives expressed frustration over what they perceived as insufficient promotion efforts by GM car dealers, the report further added.
报告进一步补充说，高管们对通用汽车经销商的推广工作不足表示沮丧。
Also Read: Goldman Sachs Sees Resurgence In Debt Underwriting And Deal Activity, Q1 Profit Jumps 28%
另请阅读：高盛认为债务承保和交易活动复苏，第一季度利润增长28％
This prospective deal signifies a crucial step in Goldman's strategy to disentangle itself from Main-Street lending, a process initiated in late 2022.
这笔潜在交易标志着高盛脱离美联储贷款战略的关键一步，该过程于2022年底启动。
The bank's Platform Solutions division, encompassing the GM credit cards and other consumer lending ventures, incurred about $6 billion in losses from 2020 through first-quarter of 2024, the report mentioned.
报告提到，该银行的平台解决方案部门，包括通用汽车信用卡和其他消费贷款企业，从2020年到2024年第一季度蒙受了约60亿美元的损失。
For Barclays, acquiring the GM credit-card program aligns with its efforts to broaden its U.S. credit-card portfolio beyond travel cards.
对于巴克莱而言，收购通用汽车信用卡计划与其扩大其美国信用卡投资组合的努力一致，而不仅仅是旅行卡。
A new rule by the Consumer Financial Protection Bureau is expected to reduce late fees, potentially impacting lenders' revenues.
消费者金融保护局的一项新规定预计将减少滞纳金，这可能会影响贷款人的收入。
The report further specified that banks evaluating the GM program face the challenge of enhancing card relevance in a fiercely competitive market, where consumers prioritize travel rewards.
该报告进一步指出，在竞争激烈的市场中，评估通用汽车计划的银行面临着提高信用卡相关性的挑战，在这个市场中，消费者优先考虑旅行奖励。
Goldman Sachs stock gained more than 26% in the last 12 months. Investors can gain exposure to the stock via IShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSE:IAI) and Vanguard Total Stock Market Index Fund ETF (NYSE:VTI).
在过去的12个月中，高盛的股票上涨了26％以上。投资者可以通过iShares美国经纪交易商和证券交易所ETF（纽约证券交易所代码：IAI）和Vanguard总股票市场指数基金ETF（纽约证券交易所代码：VTI）获得股票敞口。
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Price Action: GS shares closed higher by 0.76% at $430.81 on Monday.
价格走势：周一，GS股价收盘上涨0.76％，至430.81美元。
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免责声明: 该内容部分是在人工智能工具的帮助下制作的，并由Benzinga编辑审阅和发布。
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