Goldman Sachs offloads ‘buy now, pay later’ firm in quick retreat

Goldman Sachs said Wednesday that it would offload GreenSky, a major player in the “buy now, pay later” lending sector, less than two years after buying the company, in the latest hit to its consumer-finance ambitions.

Goldman will take an immediate loss from the transaction in its third-quarter earnings, which are due out next week. The bank is selling GreenSky to a group of money managers, including the private-equity firms Sixth Street and KKR. The selling price was not disclosed.