When Goldman Sachs entered the credit card space in 2019, many consumer banks were concerned that a new competitor had emerged. But just four years later, the firm is pulling back. We explain why. Photos: Reuters
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https://www.wsj.com/finance/goldman-sachs-wants-out-of-consumer-lending-employees-say-it-cant-happen-fast-enough-17e98a30When Goldman Sachs entered the credit-card space in 2019, many consumer banks were concerned that a new competitor had emerged. But just four years later, the firm is pulling back. We explain why. Photos: Reutersin April, Goldman held a town hall at its headquarters, where bank executives talked it up. One executive had a different message shortly afterward.
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