Goldman Sachs drops plans for direct-to-consumer credit card – CNBC

Goldman Sachs drops plans for direct-to-consumer credit card - CNBC

(Reuters) – Goldman Sachs Group Inc has dropped plans to develop a branded credit card for retail customers, CNBC reported on Wednesday, citing people with knowledge of the matter.

The credit card would have been a part of a range of products to enhance its margins and loyalty in the retail segment, the report said.

The Wall Street bank did not immediately respond to a Reuters request for comment.

(Reporting by Anirban Chakroborti in Bengaluru; Editing by Sherry Jacob-Phillips)

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