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Barclays reportedly leading the race to take over GM credit card programme from Goldman Sachs

A report by The Wall Street Journal this week says Barclays is the leading contender in the race to take over the programme, which specifically serves purchasers and owners of General Motors vehicles.

Barclays previously went head-to-head with Goldman Sachs four years ago during the initial sale of the programme by its then-issuer Capital One, but was outdone by the US bank’s reported $2.5 billion bid.

Reports that Goldman was looking to sell the business to a new issuer emerged in November last year.

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