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JPMorgan Chase is in advanced talks to take over as the card’s issuer from Goldman, in what would be one of the biggest ...
If the bank makes a play for the tech company's credit card portfolio, it may also make a broader bid for more business.
Apple stock is down 18% in 2025 despite beating earnings and seeing App Store revenue hit the highest growth rate since 2024.
The transition of the Apple Card from being financed by Goldman Sachs to JPMorgan Chase will probably cut out a smaller company, CoreCard, that currently handles the credit card.
A deal for JPMorgan to take over the Apple Card and its huge book of loans would further burnish the bank's reputation as a ...
The CFPB ordered Goldman Sachs to pay at least $19.8 million in redress and a $45 million civil monetary penalty, while Apple was ordered to pay a $25 million civil monetary penalty. It also ...
Goldman Sachs has been trying to sell off the Apple Card business for several years now. Once again, there are now new ...
Goldman Sachs and Apple have worked together on the Apple Card since it launched in 2019, and have also teamed up for the high-yield Apple Savings account and the Apple Pay Later feature.
Apple's relationship with Goldman Sachs led to the creation of the wildly successful Apple Card, but post-launch friction and a change in priorities has crashed the relationship into the rocks.
Goldman Sachs is Apple's partner on the Apple Card, the Apple Savings account that is open to Apple Card users, and Apple Pay Later, Apple's buy now, pay later service that is being beta tested.
The immediate reaction to the Apple-Goldman Sachs news was a 15% drop in Affirm’s stock price. If that seems like a fast response on Wall Street’s part, guess again.
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