Goldman Sachs Group is close to signing a deal to take on General Motors' credit card business, according to a person with knowledge of the matter.

Goldman Sachs Group turned to its chief rival to fill its top cybersecurity job.

Goldman Sachs is resuming job cuts as the coronavirus pandemic outlasts the financial industry’s resolve to offer jittery employees stability through the economic downturn.

Harit Talwar, who is moving from CEO of the digital banking unit to chairman of consumer banking, says Marcus wants to add checking and investment products, embed its offerings in additional high-profile platforms, and grow far beyond its current 5 million customers.

Goldman Sachs Group shuffled its business lines and announced a raft of management changes, carving out new divisions aligned with a strategy pivot unveiled earlier this year.

Harit Talwar, the executive who helped guide Goldman Sachs Group’s embrace of Main Street, is giving up his post in a management shuffle at the consumer unit.

The pandemic has spurred a major push toward speedier digital transactions, making it an expeditious time for the Faster Payments Council to expand the range of input it gets to expand its mission.

The central bank said it had miscalculated the loss rates for certain public welfare investments, which led to incorrect capital requirements for the two companies.

A decision by some banks to replace in-person campus visits with video interviews is intended to increase diversity by reaching beyond the handful of elite business schools and Ivy League universities long associated with the finance industry.

Under a rule issued in March, banks will build an additional capital cushion that is determined by their performance in the annual tests.