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Barclays May Buy GS's "GM Cards" Business: Small But Unusual

FINANCIALS

Barclays (BACR: Baa1/BBB+/A) is reported to be in talks with Goldman Sachs (GS: A2/BBB+/A) to take over the GM-branded card and its USD2bn in balances. Barclays was selling US card assets in February so this would be a turnaround but, either way, is relatively small in a group context.


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Barclays (BACR: Baa1/BBB+/A) is reported to be in talks with Goldman Sachs (GS: A2/BBB+/A) to take over the GM-branded card and its USD2bn in balances. Barclays was selling US card assets in February so this would be a turnaround but, either way, is relatively small in a group context.


Keep reading...Show less