In today’s top news, the European Central Bank outlines use cases for a digital euro, and Goldman Sachs will buy GM’s credit card business. Plus, Walmart is partnering with Clover Health for its new health centers.
The European Central Bank says Europe should be ready to adopt a digital euro so residents can access money amid the evolving retail payment landscape.
Goldman to Pay $2.5B for General Motor’s Credit Card Business
Goldman Sachs will buy General Motors’ credit card business for approximately $2.5 billion, beating out competitor Barclays. The purchase furthers Goldman’s push into Main Street lending and gives Goldman access to over one million cardholders, who account for roughly $8.5 billion in spending per year.
Walmart Expands Healthcare Services
Walmart is partnering with insurance startup Clover Health to aid seniors at their new