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 studies that Goldman is “searching for a means out” of its high-profile take care of Apple, which just lately expanded to include savings accounts for Apple Card holders.
The funding banking agency is seemingly in talks to dump the partnership to American Categorical, the WSJ report added, however thus far 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 shopper arm. Past its take care of Apple, Goldman’s consumer-facing enterprise features a bank card partnership with Basic 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 the same report, citing its personal unnamed sources.
