Goldman Sachs Lands GM's $2.5 Billion Business
Video Credit: Wochit News - Duration: 00:34s - Published
Goldman Sachs Lands GM's $2.5 Billion Business
Ramin Talaie/Corbis/Getty Images Goldman Sachs won the bid for General Motors' credit-card business for roughly $2.5 billion, The Wall Street Journal reported Thursday.
The Wall Street giant beat out Barclays, acquiring more than one million GM cardholders and the $8.5 billion they spend annually, according to The Wall Street Journal.
This is Goldman Sachs' second co-branded card, following the Apple Card, as it looks to expand its consumer-lending business.
![Goldman Sachs to pay $3 billion over 1MDB scandal [Video]](https://video.newsserve.net/300/v/20201022/2010222110-Goldman-Sachs-to-pay-billion-over-1MDB.jpg)
![Goldman Sachs: Nearly $3 Billion To Settle Charges [Video]](https://video.newsserve.net/300/v/20201022/1312506899-Goldman-Sachs-Nearly-Billion-To-Settle-Charges.jpg)
![Stimulus Package Is Unlikely Before the Election, Says Goldman Sachs [Video]](https://video.newsserve.net/300/v/20201022/2010221210-Stimulus-Package-Is-Unlikely-Before-the-Election-Says.jpg)
