FinTech unit may be sold in move to scale down retail ambitions
IN BRIEF:
Goldman’s CEO has announced the bank is exploring its sale
Greensky was acquired by Goldman in September 2021 in a $2.24bn stock deal
Goldman has already announced plans to sell parts of Marcus in February
What does this mean?
CEO David Solomon described GreenSky as a “good business”, but “given our current strategic priorities...we may not be the best long-term holder of this business.”
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