Goldman to buy GM’s credit card unit for $2.5 billion – WSJ

(Reuters) – Goldman Sachs Group Inc is buying General Motors Co’s credit card business for about $2.5 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The Wall Street bank won the bidding for the deal over Barclays Plc , according to the report.

Goldman Sachs, GM and Barclays did not immediately respond to Reuters’ requests for comment.

(Reporting by Abhishek Manikandan in Bengaluru; Editing by Anil D’Silva)