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Business

Goldman decides to discharge its GM credit card

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Updated November 7, 2023 at 5:44 p.m. ET

Goldman Sachs plans to begin a process of unloading its General engines credit card program, a new step after its failed foray into consumer credit.

The bank informed a group of employees in its Platform Solutions division, who work on the GM card, on Tuesday that a process to find a new issuer would begin soon, people familiar with the matter said. GM should lead the process.

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