[ad_1]
Updated Dec. 2, 2023 12:23 am ET
At an off-site in upstate New York last month, during a dinner lasting roughly three hours, Goldman Sachs Chief Executive David Solomon told partners that the firm had made some mistakes with consumer lending. But, he said, the business wasn’t as bad as they thought and they didn’t understand the details. He wouldn’t tolerate partners trash-talking Goldman’s decision to get into consumer lending, he told them.
Goldman has known for a while that consumer lending wasn’t really working out, and the bank has been looking for the exits. But it was Apple that sealed it. The tech giant recently sent a proposal to Goldman that would pull the plug on their credit-card partnership, the crown jewel of the business.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
[ad_2]
Source link
24World Media does not take any responsibility of the information you see on this page. The content this page contains is from independent third-party content provider. If you have any concerns regarding the content, please free to write us here: contact@24worldmedia.com
[ad_1] Requirements for a new superintendent This is my sixth year as Riverhead Central Faculty...
[ad_1] A parcel of land off Sound Avenue that will be preserved. (Credit: Grant Parpan) RIVERHEAD ...
[ad_1] All address information, particularly arrests, reflects police records. In the event of a...
[ad_1] MARBLEHEAD — The Village 13 substation project has started its bidding process. At the Municipal...
[ad_1] NAHANT — Dog-Handler Nancy Koury and her Swiss mountain dog Freddy, who live and train out of...
[ad_1] LYNN — On Tuesday evening, the City Council voted unanimously in favor of the Housing Stability...
Large part of Lynn Woods remains closed
Swampscott water tests lead-free – Itemlive
Mother needs help providing the Christmas experience
A cheerful fundraiser for Saugus team
Carl Daniel Reiter – The Suffolk Times
Joan Ann (Woessner) Polywoda – The Suffolk Times
Thomas L. Lewick – The Suffolk Times
Jeanette Howard – The Suffolk Times
Nina Mazzaferro – The Suffolk Times
Lynn mayor announces re-election bid
BARRETT: They ate plenty – Itemlive
Brooke Moloney, the Minutewoman – Itemlive