Goldman writes off $506m of intangibles in GreenSky disposal

Only sliver of original investment to return to CET1 capital

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.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here