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As Goldman Sachs prepares to offload its responsibilities to Apple, a new suitor has appeared. JPMorgan seems interested in taking the mantle — but with conditions.
Apple Card
Apple Card
It’s been known for some time now that Goldman Sachs has wanted to end its relationship with Apple, with whispers of unrest first appearing in June 2023. However, it wasn’t much of a surprise, as a report in January 2022 showed the investment bank lost $1.2 billion, chiefly because of the Apple Card.
As a result, Apple and Goldman Sachs have begun looking for a replacement partner who would take over duties as card issuer. The newest suitor to be added to the lineup is JPMorgan.
Originally appeared here:
JPMorgan could take over duties as Apple Card issuer if it gets a good enough deal
