Goldman Sachs has agreed to sell its consumer-lending unit, GreenSky, to a consortium led by Sixth Street, less than two years after acquiring it. The deal is part of Goldman Sachs' retreat from consumer lending. The sale of GreenSky marks a critical step in this strategic shift. Additionally, Goldman Sachs expects a steep earnings drop due to lagging deal-making. Rising interest rates have affected the lending sector, making borrowers sensitive to taking on more expensive loans. Meanwhile, Barclays CEO C.S. Venkatakrishnan believes that a deal-making revival is still a little further away. He emphasizes stability rather than growth in the hiring picture for investment banking.
Despite tentative signs of activity returning last month, Barclays CEO C.S. Venkatakrishnan says a real dealmaking uptick is “a little further away.” https://t.co/lP1qeIewI6
Despite tentative signs of activity returning last month, Barclays CEO C.S. Venkatakrishnan says a real dealmaking uptick is “a little further away.” https://t.co/PzDPCNGmgK
The bull market in stocks is a year old now. Here's what history says happens next. https://t.co/MnolgBB4Lj
Despite tentative signs of activity returning last month, Barclays CEO C.S. Venkatakrishnan says a real dealmaking uptick is “a little further away.” https://t.co/I8Qbh6HMGR
Goldman's top trades for earnings season: Firm says buy call options on these stocks into results https://t.co/qXJDx7s5te
Goldman Sachs said on Wednesday that it would offload GreenSky, a major player in the “buy now, pay later” lending sector. Rising interest rates have crimped the sector, as borrowers prove sensitive to taking on more expensive loans. https://t.co/mgmJ20DLkU
Goldman Sachs seen headed to steep earnings drop as deal-making lags https://t.co/wTmuGN53Nt https://t.co/5Lv0rWZ5Zv
Goldman Sachs said on Wednesday that it would offload GreenSky, a major player in the “buy now, pay later” lending sector. Rising interest rates have crimped the sector, as borrowers prove sensitive to taking on more expensive loans. https://t.co/vaP353g9Lr
Ahead of next year's election in the UK, Barclays CEO C.S. Venkatakrishnan sees reasons for the finance industry to be positive Get the full interview: https://t.co/zl38jrwdql https://t.co/1mqnX0cfQR
Ahead of next year's election in the UK, Barclays CEO C.S. Venkatakrishnan sees reasons for the finance industry to be positive Get the full interview: https://t.co/JRO7h5BDRe https://t.co/HZRxt0HX2C
Ahead of next year's election in the UK, Barclays CEO C.S. Venkatakrishnan sees reasons for the finance industry to be positive Get the full interview: https://t.co/1Q4oMVEuTe https://t.co/w755g6qM4z
Stocks go up in in the fourth quarter of the year 80% of the time—what that means for your money https://t.co/iMkNt10ETt
The dealmaking revival is still looking "a little further away," says Barclays CEO C.S. Venkatakrishnan On the new episode of In the City, he adds that when it comes to the hiring picture for investment banking, it's one of "stability, not growth" https://t.co/9zFmkRYnkw https://t.co/2139gjP3xi
The dealmaking revival is still looking "a little further away," says Barclays CEO C.S. Venkatakrishnan On the new episode of In the City, he adds that when it comes to the hiring picture for investment banking, it's one of "stability, not growth" https://t.co/oD5f9L05Cj https://t.co/EFmbHutPqv
The dealmaking revival is still looking "a little further away," says Barclays CEO C.S. Venkatakrishnan On the new episode of In the City, he adds that when it comes to the hiring picture for investment banking, it's one of "stability, not growth" https://t.co/XfVlO1lWBb https://t.co/Ghr5z1fnRK
Goldman Sachs seen headed to steep earnings drop as deal-making lags https://t.co/oTe2q4Bp8f https://t.co/4p2J2lT3bU
Stagnant deal flows in the banking sector are set to continue a while longer, says Barclays CEO C.S. Venkatakrishnan https://t.co/q5olMHnNir
Goldman Sachs agrees to sell GreenSky to Sixth Street-led consortium https://t.co/GfUmE9xQxG https://t.co/BRjJ4QfHaL
Goldman Sachs Finalizes Deal to Unload Specialty Lender at Steep Loss Sale of GreenSky to group of investors marks critical step in Wall Street bank’s retreat from consumer lending https://t.co/jyc0LHdV0Z
Goldman sells GreenSky as part of consumer retreat https://t.co/PqGmETjLHU by @DsHollers
Goldman Sachs agrees to sell GreenSky to Sixth Street-led consortium https://t.co/ykLHrnderI https://t.co/07v341WT7S
Goldman Sachs struck a deal to sell its consumer-lending unit, GreenSky, to a consortium led by Sixth Street less than two years after acquiring it https://t.co/rpJX0ycSxG
Goldman Sachs agrees to sell GreenSky to Sixth Street-led consortium https://t.co/NdDXhtNphK https://t.co/B4YynTod4x
Goldman Sachs $GS just said it agreed to sell its fintech lending platform GreenSky to a group of investors led by private equity firm Sixth Street Goldman said the deal will result in a $0.19 per share reduction to its Q3 earnings - CNBC
Goldman Sachs: These 40 stocks could earn higher profits than the rest of the market next year — including one that could see earnings grow by 181% by the end of 2024 https://t.co/a9qrNTZygC