Report: Goldman Sachs to Sell GM Credit Card Business to Barclays

Goldman Sachs and Barclays reportedly have reached a deal on Goldman’s $2 billion portfolio of loans made to General Motors customers.The deal is set to see Goldman Sachs sell the portfolio of loans to Barclays at a discount to the value of the outstanding balances, Bloomberg reported Tuesday (Sept. 10), citing unnamed sources and adding that Goldman Sachs and Barclays declined to comment.Goldman Sachs CEO David Solomon said Monday (Sept. 9) that the bank had made “significant progress on the transition of ...