{"id":89299,"date":"2024-09-10T00:11:56","date_gmt":"2024-09-10T04:11:56","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=89299"},"modified":"2024-09-09T20:51:41","modified_gmt":"2024-09-10T00:51:41","slug":"goldman-sachs-to-post-400-million-hit-to-third-quarter-results-as-it-unwinds-consumer-business","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2024\/goldman-sachs-to-post-400-million-hit-to-third-quarter-results-as-it-unwinds-consumer-business.html","title":{"rendered":"Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business"},"content":{"rendered":"\n<p>(CNBC) CEO\u00a0<a href=\"https:\/\/www.cnbc.com\/video\/2022\/07\/20\/watch-cnbcs-full-interview-with-goldman-sachs-david-solomon.html\">David Solomon<\/a>\u00a0said at a conference that by unloading Goldman\u2019s GM Card business, as well as a separate portfolio of loans, the bank would post a hit to revenues when it reports results next month. It is the latest turbulence related to Solomon\u2019s push into consumer retail. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/09\/09\/goldman-sachs-to-post-400-million-hit-in-third-quarter-over-consumer-business.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) CEO\u00a0David Solomon\u00a0said at a conference that by unloading Goldman\u2019s GM Card business, as well as a separate portfolio of loans, the bank would post a hit to revenues when it reports results next month. It is the latest turbulence [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89299","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=89299"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89299\/revisions"}],"predecessor-version":[{"id":89300,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89299\/revisions\/89300"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=89299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=89299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=89299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}