Goldman’s Credit-Card Exit Hampered by Lax Lending Standards

Business

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“This is another elegant extension!”

“The bank lent loosely on some credit cards, contributing to a big loss as it tries to sell the General Motors card business…”

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Source Link: https://www.wsj.com/articles/goldman-sachs-got-lax-on-credit-cards-the-bill-is-coming-due-f460f04f

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