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...Meanwhile, a new “platform solutions” business will include Goldman’s credit card partnerships with companies such as Apple and General Motors and an online lending business, called GreenSky, acquired this...
...US banking editor Joshua Franklin and US banking correspondent Stephen Gandel have written a full preview....
...Solomon pledged to reverse losses at the consumer lending and financial technology division by 2025. The business has incurred more than $3bn in pre-tax losses since 2020....
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...You can reach me at sid.v@ft.com. Happy reading!...
...Despite the upbeat guidance and what it said was a “strong” US economy, the bank warned investors of the “storm clouds” of high inflation and the war in Ukraine....
...The US banking giant has set up a unit to compete with direct lenders, Kevin Foley, JPMorgan’s head of global debt capital markets, told the FT’s Joshua Franklin....
...Reach out to us at imani.moise@ft.com or sid.v@ft.com....
...Additional reporting by Joshua Franklin in New York...
...Debt bankers and investors pointed to lending money to particularly challenged companies, where you want to know the management team personally if you are going to hand them large amounts of cash....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...Feel free to email Imani or me at sid.v@ft.com or imani.moise@ft.com. Have a great week!...
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