Updated Nov. 7, 2023 5:44 pm ET
Goldman Sachs plans to begin a process to unload its General Motors credit-card program in another step away from its failed foray into consumer lending.
The bank on Tuesday informed a group of employees within its Platform Solutions division, who work on the GM card, that a process to find a new issuer will begin soon, people familiar with the matter said. GM is expected to run the process.
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