Goldman Sachs (GS.N) plans to offload its General Motors (GM.N) credit cards, a person familiar with the matter told Reuters on Tuesday.
GM will start a process to find a new issuer for the cards instead of Goldman Sachs, the source added.
The automaker did not immediately respond to a Reuters request for comment. The development was first reported by the Wall Street Journal.
Goldman CEO David Solomon has now shifted the firm's focus back to its traditional strengths - investment banking and trading - and aims to grow in asset and wealth management.
