Goldman discloses probe into U.S. credit card division
Summary by Ground News
Investigation looking at refunds, advertising, credit reports. Firm spent heavily on consumer unit, has yet to turn a profit. Goldman made a splashy entrance into the business in 2019 with the launch of ... Sridhar Natarajan and Jenny Surane.
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Reuters
Goldman discloses probe into U.S. credit card division
Goldman Sachs Group Inc's credit card business is being investigated by a top U.S. consumer watchdog, the bank disclosed in a regulatory filing on Thursday.
Goldman Sachs’ US credit card division probed by fed watchdog
Under its chief executive officer, David Solomon, the bank has been looking to expand its consumer business as it seeks to diversify its revenue streams beyond trading and investment banking.