Goldman Sachs is seeking to buy GM’s credit-card business, people familiar with the matter say, betting on the idea of connected cars as e-commerce portals
Goldman Sachs Group Inc. is seeking to acquire the credit-card business of General Motors Co., doubling down on consumer banking and betting on a future where people pay for gas, takeout and groceries from the driver’s seat.
The Wall Street firm is among a small number of bidders for the auto maker’s credit-card business, which has about $3 billion in outstanding balances, according to people familiar with the matter.
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