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Barclays is also among a small number of bidders for the automaker’s credit card business, which has about $3 billion in notable balances, the WSJ reported, adding that a resolution is expected in the coming weeks.
Goldman has a much smaller presence in customer banking lately, unlike its larger peers, JPMorgan Chase and Citigroup Inc., and this is a domain that Chief Executive David Solomon is actively strengthening.
As a component of its customer promotion, Goldman provides private loans and savings accounts through its online bank Marcus, which has grown since its launch in 2016.
Goldman last year introduced a credit card with Apple Inc that is synchronized with Apple’s iPhone user portfolio and can be used to purchase Apple at a discounted price.
In their view from GM, Goldman and Barclays promoted the concept of automobiles as e-commerce portals, according to the WSJ report.
GM cars are supplied with e-commerce generation built into the dashboard, allowing drivers to order food, locate fuel, or book hotel rooms using urgent icons on the dashboard screen, rather than smartphones while driving.
GM, Goldman and Barclays declined to comment.
(Information through Noor Zainab Hussain and Anirban Sen in Bengaluru; edited through Shounak Dasgupta and Anil D’Silva)