Intelligence

How Goldman Sachs Made More Than $1 Billion With Your Credit Score

Goldman Sachs Group Inc. has backed skyscrapers and movie studios. But its big winner lately is a once-sleepy credit bureau.

Goldman bought TransUnion, the smallest of the three main credit-reporting firms, in 2012. By the time it went public three years later, TransUnion had become a data-mining machine, gathering billions of seemingly insignificant tidbits about ordinary Americans that it analyzed and sold to lenders, insurers and others.

Source: Wall Street Journal

More: http://news.morningstar.com/all/dow-jones/us-markets/20170409526/how-goldman-sachs-made-more-than-1-billion-with-your-credit-score.aspx

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