4 years after partnering with Apple on the launch of the Apple Card, Goldman Sachs could also be eyeing the exits.
The Wall Street Journal experiences that Goldman is “on the lookout for a manner out” of its high-profile cope with Apple, which lately expanded to include savings accounts for Apple Card holders.
The funding banking agency is seemingly in talks to dump the partnership to American Specific, the WSJ report added, however to this point nothing appears to be set in stone, neither is it clear if Apple would help the handoff.
Nonetheless, it wouldn’t be shocking if such an association involves cross. Earlier this yr, Goldman CEO David Solomon mentioned he was “considering strategic alternatives” for the funding agency’s client arm. Past its cope with Apple, Goldman’s consumer-facing enterprise features a bank card partnership with Common Motors in addition to GreenSky, the lending company Goldman bought 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.
