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 studies that Goldman is “in search of a means out” of its high-profile cope with Apple, which not too long ago expanded to incorporate financial 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 thus far nothing appears to be set in stone, neither is it clear if Apple would assist the handoff.
Nevertheless, it wouldn’t be shocking if such an association involves go. Earlier this 12 months, Goldman CEO David Solomon stated he was “contemplating strategic options” for the funding agency’s shopper arm. Past its cope with Apple, Goldman’s consumer-facing enterprise features a bank card partnership with Basic 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 printed an identical report, citing its personal unnamed sources.