April 18 (Reuters) - Goldman Sachs Group Inc (GS.N) is exploring the sale of its Greensky fintech business, the bank's CEO said on Tuesday, its latest move to scale down its retail ambitions.
Greensky, which facilitates home improvement loans to consumers, was acquired by Goldman in September 2021 in a $2.24 billion stock deal, which closed a year ago.
At the time, Goldman said it expected "significant growth" from combining GreenSky's products with those offered by its Marcus digital bank.
GreenSky is a "good business" that is performing well, Goldman CEO David Solomon told analysts after the company reported first quarter earnings that sank 19%.
Goldman booked a $470 million loss on the sale of some Marcus loans, which dragged down first quarter results.