WSJ News Exclusive | Goldman Sachs Steps Back From Bidding for New Credit Card Programs

Goldman is pausing efforts to acquire new credit-card programs, people familiar with the matter say. It ended talks with T-Mobile for a co-branded card.

Goldman Sachs Group Inc. is pausing its efforts to acquire new credit-card programs, according to people familiar with the matter.

The Wall Street firm recently ended advanced discussions to launch a co-branded credit card for T-Mobile US Inc., these people said. The account was close to becoming Goldman’s third card program, following Apple Inc. and General Motors Co. It would have been T-Mobile’s first credit-card program.

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