4 years after partnering with Apple at the launch of the Apple Card, Goldman Sachs is also eyeing the exits.
The Wall Street Journal reviews that Goldman is “in search of some way out” of its high-profile maintain Apple, which not too long ago expanded to include savings accounts for Apple Card holders.
The funding banking company is it sounds as if in talks to dump the partnership to American Specific, the WSJ document added, however to this point not anything appears to be set in stone, neither is it transparent if Apple would toughen the handoff.
On the other hand, it wouldn’t be sudden if such an association involves move. Previous this 12 months, Goldman CEO David Solomon mentioned he was once “considering strategic alternatives” for the funding company’s user arm. Past its maintain Apple, Goldman’s consumer-facing industry 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 section, Apple and Goldman didn’t straight away reply to requests for remark at the WSJ tale. CNBC later printed a an identical document, bringing up its personal unnamed assets.