Goldman Sachs is expected to face a significant writedown for its acquisition of fintech lender GreenSky in 2021, as bids for the business have fallen short of expectations. The installment-loan business was purchased by Goldman for $2.24 billion as part of its strategy to expand into consumer finance. However, mounting losses and issues in Goldman's consumer division led CEO David Solomon to sell the business just 18 months later. Asset managers and lenders, including KKR, Apollo Global Management, Sixth Street Partners, Warburg Pincus, and Synchrony Bank, participated in the bidding process. Still, their offers have reportedly been below Goldman's desired price. Negotiations are ongoing with a smaller group of bidders, hoping to increase the final price. If a deal is reached at a significantly lower valuation, Goldman must disclose a writedown, impacting its financial results.