Thu. Jul 18th, 2024

4 years after partnering with Apple on the launch of the Apple Card, Goldman Sachs could also be eyeing the exits.

The Wall Avenue Journal stories that Goldman is “on the lookout for a method out” of its high-profile take care of Apple, which just lately expanded to incorporate financial savings accounts for Apple Card holders. 

The funding banking agency is outwardly in talks to dump the partnership to American Categorical, the WSJ report added, however thus far nothing appears to be set in stone, neither is it clear if Apple would assist the handoff.

Nonetheless, it wouldn’t be shocking if such an association involves cross. Earlier this yr, Goldman CEO David Solomon mentioned he was “contemplating strategic options” for the funding agency’s client arm. Past its take care of Apple, Goldman’s consumer-facing enterprise features a bank card partnership with Normal Motors in addition to GreenSky, the lending firm Goldman purchased for $2.2 billion in 2021.

For his or her half, Apple and Goldman didn’t instantly reply to requests for touch upon the WSJ story. CNBC later revealed an identical report, citing its personal unnamed sources.

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By Admin

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