Goldman Packs in New Credit Card Idea

Goldman Sachs (NYSE:GS) has dropped plans to develop a Goldman-branded credit card for retail customers, another casualty of the firm’s strategic pivot, according to media reports. Not long ago, CEO David Solomon told analysts that the bank was developing its own card, which would’ve made use of the platform Goldman created for its Apple Card partnership.It was part of an ambitious vision Solomon had for serving everyday Americans by stretching beyond the core competencies of the 154-year old investment bank. A Goldman card would’ve been part of a suite of products, including a digital…