Goldman Sachs is reportedly seeking to exit its partnership with Apple on the Apple Card, four years after the card's launch. The investment banking firm is in talks to transfer the partnership to American Express, although nothing has been finalized. Goldman Sachs CEO David Solomon has previously mentioned considering strategic alternatives for the consumer arm of the company. The deal with Apple includes savings accounts for Apple Card holders. Both Apple and Goldman Sachs have not yet commented on the reports.
The post Goldman may be trying to bail on Apple Card appeared first on Balanced News Summary.