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Goldman will probably take a $400 million pretax charge from the sale of loans to small and medium retail businesses and its exit from the GM credit card partnership, Solomon told investors ...
If the investment bank exited both Apple and GM card partnerships before year end, it could remove cards from the 2025 federal stress test, Mayo said. “On balance, GS implies that cards are ...
General Motors (GM) is a company that produces and sells cars, trucks, and other vehicles under four brands: Chevrolet, GMC, Cadillac, and Buick. It also owns or invests in several subsidiaries, such as BrightDrop, Cruise LLC, and SAIC-GM-Wuling.
GM Financial is the financial services arm of General Motors, providing retail and commercial lending products for customers across the credit spectrum. It operates in the US, Latin America, Canada and China, and was formerly known as AmeriCredit Corporation before being acquired by GM in 2010.
Ally Financial is a bank holding company that provides car finance, online banking, mortgage loans, and other services. It was founded in 1919 as General Motors Acceptance Corporation (GMAC) and became independent from GM in 2010.
Goldman Sachs Group (NYSE: GS) is acquiring the credit card business of General Motors Co (NYSE: GM) for $2.5 billion, the Wall Street Journal reported Thursday.What Happened: The banking giant ...
The new My GM Rewards Card is designed to drive GM car and truck sales and to reward loyal customers with nearly instant point redemption.
Saturn Corporation was a subsidiary of General Motors that produced compact cars from 1990 to 2009. It was founded as a "different kind of car company" with a new car, dealer network, and manufacturing plant, but faced challenges from GM's other divisions and the market.
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