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Goldman CEO dismisses notion GM credit card exit is messy

Channel News Asia LogoChannel News Asia14h ago

Goldman CEO dismisses notion GM credit card exit is messy - Channel News Asia

Quick Summary:

(Removes extraneous word from headline)NEW YORK :Goldman Sachs CEO David Solomon on Wednesday dismissed the notion that the bank's early exit from its credit card partnership with General Motors was messy, saying the firm had anticipated the problems.

"It is very unusual for people to transition credit card programs in the middle of contract periods".

Federal Reserve to cut interest rates two or three times this year, with a first 25 basis-point move later this month."My view on this is...very data dependent and the data has evolved during the year," he said.


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Goldman CEO dismisses notion GM credit card exit is messy - Channel News Asia (Picture 1)Goldman CEO dismisses notion GM credit card exit is messy - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 02:31:54 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 324 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22464080

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 46 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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