Also,the transaction values GreenSky below the initial management expectations. Accordingly, in the second quarter of 2023, Goldman Sachs recognized an impairment of goodwill worth $504 million for the sale of its consumer platforms. In March 2022, GS completed the acquisition of GreenSky, a pre-eminent fintech platform, which offers home-improvement consumer loans. However, this April, the company disclosed its intention to sell GreenSky, with management declaring that the business was not in line with the bank's "current strategic priorities." Markedly, GreenSky's divestment is part of Goldman Sachs' major business restructuring initiative to focus on its core strengths of investment banking and trading, while reducing its retail footprint. Apart from divesting its consumer-lending platform, GS is scaling back its ambitions to serve the mass consumers and will focus on serving the ultra-rich.