Goldman Sachs advises employees on plan to divest GM credit card

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Goldman Sachs Group Inc. has told employees in its Platform Solutions unit that it’s moving toward a process to find a new issuer for its General Motors credit-card program, The Wall Street Journal reported on Wednesday.

Goldman Sachs
GS,
+0.36%
told its credit-card employees in an internal memo they will get a year’s pay if their jobs are eliminated, the newspaper reported.

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