4 years after partnering with Apple on the launch of the Apple Card, Goldman Sachs could also be eyeing the exits.
The Wall Road Journal studies that Goldman is “on the lookout for a means out” of its high-profile cope with Apple, which just lately expanded to incorporate financial 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 to date 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 go. Earlier this yr, Goldman CEO David Solomon mentioned he was “contemplating strategic options” 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 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 analogous report, citing its personal unnamed sources.