Overview

• Goldman Sachs is selling its fintech lending platform GreenSky to a group of investors led by Sixth Street.
• The sale will result in a 19 cents per share reduction to Goldman's third-quarter earnings.
• CEO David Solomon is retreating from his unsuccessful foray into retail banking.
• Goldman will continue operating GreenSky until the sale closes in Q1 2024.
• The buying group includes funds managed by KKR, Bayview Asset Management, and CardWorks.