Reportedly, Goldman Sachs Group Inc. (GS) has signed a deal to take over General Motors Co.’s credit-card portfolio. Goldman Sachs will be the issuer for the automaker’s credit-card program with an expected start date in September. Mastercard Inc. will remain the network for the cards.
“We chose to partner with Goldman Sachs because of their proven ability to innovate,” stated Chuck Thomson, general manager of retail sales and marketing support at General Motors.
The Goldman Sachs Group, Inc. (GS) is one of the world’s leading investment bankers & also a securities and investment management firm that offers a wide range of financial services with a diversified client base. To learn more about The Goldman Sachs Group, Inc. (GS) and to continue to track its progress please visit the Vista Partners Goldman Sachs Group, Inc. (GS), Coverage Page.
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