Report: Goldman Could Hand off GM Card to Barclays

Goldman Sachs is reportedly closer to exiting its General Motors credit card business.The banking giant is in discussions with Barclays to transfer the issuance of the cards, the latest in its long-term project to move away from consumer lending, the Wall Street Journal (WSJ) reported Tuesday (April 30).Barclays is the top contender to take over the GM cards, which have around $2 billion in outstanding balances, and could reach a deal by this summer, the report said, citing sources familiar with the matter. ...