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The finance company reportedly wants out of the consumer lending business. Goldman Sachs, Apple's banking partner for its credit card and high-yield savings account, is seemingly having doubts ...
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 ...
December 18, 2023 at 7:31 AM. By Saeed Azhar and Lananh Nguyen. NEW YORK (Reuters) -Four years after Goldman Sachs introduced a credit card with Apple, the Wall Street giant faces a costly exit ...
Apple Card is a credit card created by Apple Inc. and issued by Goldman Sachs, designed primarily to be used with Apple Pay on an Apple device such as an iPhone, iPad, Apple Watch, or Mac. [1] [2] Currently, it is available only in the United States , with 6.7 million American cardholders in early 2022.
Wed, Nov 29, 2023 · 2 min read. AP Photo/Tony Avelar. Apple and Goldman Sachs are potentially ending their partnership four years after joining forces on an Apple credit card, The Wall Street ...
Apple is putting an end to its credit card partnership with Goldman Sachs, yet another blow in the investment bank’s ill-fated attempt to push into the consumer banking space.. The Wall Street ...
The company announced today it’s partnering with Goldman Sachs to soon launch a new Savings account feature for its Apple Card credit cardholders which will allow them to save and grow their ...
That report noted the problems Goldman faces with Apple Card, like how it misses traditional forms of credit card revenue, such as annual fees, late fees and overseas transaction fees.