(Reuters) – Goldman Sachs Group Inc has dropped plans to develop a branded credit card for retail customers, CNBC reported on Wednesday, citing people with knowledge of the matter.
The credit card would have been a part of a range of products to enhance its margins and loyalty in the retail segment, the report said.
The Wall Street bank did not immediately respond to a Reuters request for comment.
(Reporting by Anirban Chakroborti in Bengaluru; Editing by Sherry Jacob-Phillips)
