Goldman writes off $506m of intangibles in GreenSky disposal

- By Lorenzo Migliorato
- 20 Oct 2023

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Goldman Sachs’ disposal of ‘buy now, pay later’ lender GreenSky has resulted in a half-billion write-down on the intangibles side of the balance sheet, effectively crystallising a loss on its capital reserves once the transaction is complete.

Having agreed to sell the retail point-of-sale fintech, Goldman said it wrote down $506 million in intangible assets associated with the business, which it bought only a year and a half ago as part of an aggressive push into consumer banking.

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