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.
據報道，高盛集團公司（紐約證券交易所代碼：GS）正在討論將其通用汽車公司（紐約證券交易所代碼：GM）的信用卡計劃轉移到巴克萊集團（紐約證券交易所代碼：BCS），這標誌着高盛退出消費貸款的重大舉措。
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.
據《華爾街日報》報道，巴克萊成爲接管信用卡發行的最大競爭者，目前信用卡發行的餘額約爲20億美元。可能在夏天之前達成一項潛在的協議。
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U.S. Bancorp (NYSE:USB) and Bread Financial Holdings Inc (NYSE:BFH) were initially in the running, they have recently withdrawn, according to the report.
報告稱，儘管美國銀行（紐約證券交易所代碼：USB）和Bread Financial Holdings Inc（紐約證券交易所代碼：BFH）等其他競爭者最初處於競選狀態，但他們最近已退出。
However, there's no assurance that Barclays will finalize the deal, as another potential buyer might emerge.
但是，無法保證巴克萊銀行會完成交易，因爲可能會出現另一個潛在的買家。
Goldman's decision to exit the partnership was communicated to employees in November, following challenges in customer acquisition.
繼客戶獲取遇到挑戰之後，高盛於11月向員工傳達了退出合作伙伴關係的決定。
Executives expressed frustration over what they perceived as insufficient promotion efforts by GM car dealers, the report further added.
報告進一步補充說，高管們對通用汽車經銷商的推廣工作不足表示沮喪。
Also Read: Goldman Sachs Sees Resurgence In Debt Underwriting And Deal Activity, Q1 Profit Jumps 28%
另請閱讀：高盛認爲債務承保和交易活動復甦，第一季度利潤增長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.
這筆潛在交易標誌着高盛脫離聯儲局貸款戰略的關鍵一步，該過程於2022年底啓動。
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.
報告提到，該銀行的平台解決方案部門，包括通用汽車信用卡和其他消費貸款企業，從2020年到2024年第一季度蒙受了約60億美元的損失。
For Barclays, acquiring the GM credit-card program aligns with its efforts to broaden its U.S. credit-card portfolio beyond travel cards.
對於巴克萊而言，收購通用汽車信用卡計劃與其擴大其美國信用卡投資組合的努力一致，而不僅僅是旅行卡。
A new rule by the Consumer Financial Protection Bureau is expected to reduce late fees, potentially impacting lenders' revenues.
消費者金融保護局的一項新規定預計將減少滯納金，這可能會影響貸款人的收入。
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.
該報告進一步指出，在競爭激烈的市場中，評估通用汽車計劃的銀行面臨着提高信用卡相關性的挑戰，在這個市場中，消費者優先考慮旅行獎勵。
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).
在過去的12個月中，高盛的股票上漲了26％以上。投資者可以通過iShares美國經紀交易商和證券交易所ETF（紐約證券交易所代碼：IAI）和Vanguard總股票市場指數基金ETF（紐約證券交易所代碼：VTI）獲得股票敞口。
Read Next: GM Unveils Plans For Autonomous Driving Unit Cruise Relaunch After Hiatus, Expects $1.7B In Expenses
閱讀下一頁: 通用汽車公佈了中斷後重啓自動駕駛單元巡航的計劃，預計支出爲17億美元
Price Action: GS shares closed higher by 0.76% at $430.81 on Monday.
價格走勢：週一，GS股價收盤上漲0.76％，至430.81美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明: 該內容部分是在人工智能工具的幫助下製作的，並由Benzinga編輯審閱和發佈。
Photo Courtesy: Sergei Elagin On Shutterstock.com
照片由 Shutterstock.com 上的謝爾蓋·埃拉金提供