Goldman Sachs to buy Capital One Financial Corp for £1.94 billion

According to the Wall Street Journal, Goldman Sachs Group Inc. (NYSE: GS) will purchase Capital One Financial Corp (NYSE: COF) for roughly £1.94 billion. The report also said that the British multinational investment bank, Barclays plc, was also interested in buying General Motors’ credit card issuer, but lost the bid against Goldman Sachs on Wednesday. Goldman Sachs was seen trading about 0.5% up in premarket trading on Wednesday. Shares of the company are now trading at £156.39 per share that translates to a little under 15% decline in 2020 so far. Goldman Sachs had plummeted to an even lower £105