Goldman Sachs Platform Solutions Business Lost $3 Billion in Nearly Three Years

Goldman Sachs Platform Solutions Business Lost $3 Billion in Nearly Three Years
The logo for Goldman Sachs on the trading floor at the New York Stock Exchange (NYSE) in New York on Nov. 17, 2021. Andrew Kelly/Reuters
Reuters
Updated:

NEW YORK—Goldman Sachs Group Inc. lost $3.03 billion in nearly three years on its platform solutions business that houses transaction banking, credit card and financial technology businesses.

This is the first time that Goldman has given a detailed look into the financials for the consumer and fintech arms that were intended to diversify the Wall Street firm’s operations away from its traditional mainstays of trading and dealmaking.