Business
Goldman may be trying to bail on Apple Card
Four years after partnering with Apple on the launch of the Apple Card, Goldman Sachs may be eyeing the exits.
The Wall Street Journal reports that Goldman is “looking for a way out” of its high-profile deal with Apple, which recently expanded to include savings accounts for Apple Card holders.
The investment banking firm is apparently in talks to offload the partnership to American Express, the WSJ report added, but so far nothing seems to be set in stone, nor is it clear if Apple would support the handoff.
However, it wouldn’t be surprising if such an arrangement comes to pass. Earlier this year, Goldman CEO David Solomon said he was “considering strategic alternatives” for the investment firm’s consumer arm. Beyond its deal with Apple, Goldman’s consumer-facing business includes a credit card partnership with General Motors as well as GreenSky, the lending company Goldman bought for $2.2 billion in 2021.
For their part, Apple and Goldman did not immediately respond to requests for comment on the WSJ story. CNBC later published a similar report, citing its own unnamed sources.
-
Entertainment7 days ago
Greatest birthday gift ideas for women: What to get for your mom, sister, wife, daughter, or greatest friend
-
Entertainment7 days ago
‘Arcane’ Season 2 review: The greatest fantasy show of 2024, hands-down
-
Entertainment7 days ago
Greatest 50th birthday gifts: Celebrate half a century with the perfect present
-
Entertainment4 days ago
How to watch Pharrell’s ‘Piece by Piece’ at home: When is it streaming?
-
Entertainment7 days ago
Giant telescope’s own powerful radiation may have contributed to collapse
-
Entertainment7 days ago
‘Heretic’s intense ending, explained | Mashable
-
Entertainment4 days ago
‘Gladiator II’ review: Ridley Scott grapples with modern masculinity in ancient Rome
-
Entertainment3 days ago
BookTok’s growing rift over politics is heating up