Zhitong Finance learned that according to media reports, Goldman Sachs (GSbonuspokeronline.US) is in talks with Barclays Bank (BCS.US) to sell General Motors (GM.US) credit card business to Barclays Bank, a move that will further weaken the Wall Street bank's role in consumer financebonuspokeronlinebusiness. According to people familiar with the matter, after U.S. Bank (USB.US) and Bread Financial(BFH.US) withdrew from the bidding, UK-based Barclays Bank became the main candidate to take over the portfolio with an outstanding balance of approximately US$2 billion. Media said that there may still be another interested acquirer.
According to media, for Barclays, joining the general credit card business will help diversify its credit card business and no longer be limited to aviation and travel cards; Goldman Sachs will issue general credit cards in 2022, but it has been difficult to increase customers.
