Goldman Is Looking for a Way Out of Its Partnership With Apple
- Goldman Sachs is reportedly in talks with American Express to offload its Apple credit card and savings account, as part of its retreat from consumer banking initiatives.
- There is no assurance of a deal or an agreement being close at this stage.
- Apple, Goldman Sachs, and American Express have not yet responded to requests for comment on the matter.
16 Articles
16 Articles
Goldman Sachs may exit Apple Card partnership, offload to American Express
BusinessGoldman Sachs, which partnered Apple on the launch of Apple Card four years ago, may be eyeing an exit and is reportedly planning to offload its partnership to American Express.Image for representationGoldman Sachs, which partnered Apple on the launch of Apple Card four years ago, may be eyeing an exit and is reportedly planning to offload its partnership to American Express. The Wall Street Journal reported that the investment banking f…
End of Goldman-Apple partnership? Talks on with American Express to take over
Goldman Sachs is reportedly considering ending its partnership with Apple, with talks underway for American Express to take over the Apple credit card and other services. Apple has been expanding its financial offerings to generate more revenue from services.
The bank wants to reduce its retail banking business even further than previously planned, as reported by US media. Talks are currently underway with American Express to take over the card.
Apple’s Card partnership could move from Goldman Sachs to American Express
Illustration: The Verge The Apple Card may soon no longer be backed by Goldman Sachs. According to a report from The Wall Street Journal, Goldman Sachs is in talks to offload its partnership with Apple to American Express. Apple launched its credit card in partnership with Goldman Sachs in 2019 and, more recently, made its new Pay Later service available to users in March. While Apple’s new financial division is handling the lending side of it…
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