Goldman Sachs warns of hit to third-quarter earnings on deal to offload GreenSky
Publishing timestamp: 2023-10-11 15:47:29
Summary
Goldman Sachs has agreed to sell its fintech lending platform, GreenSky, to a group of investors led by private equity firm Sixth Street. The deal will result in a reduction in third-quarter earnings for Goldman Sachs. This move is part of CEO David Solomon's strategy to retrench from the bank's push into retail banking and focus on its core strengths in investment banking and trading.
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Keywords: investment strategy, breaking news: markets, breaking news: investing, breakingnewsglobal, banks, business news, goldman sachs group inc,