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Apple is trying to unwind its Goldman Sachs credit card partnership - TL;DR CNBC

Apple is trying to unwind its Goldman Sachs credit card partnership

Publishing timestamp: 2023-11-29 08:47:46


Summary

Apple has proposed ending its credit card and savings account partnership with Goldman Sachs within the next 12 to 15 months. This move would end a high-profile partnership between the bank and tech company and require Apple to find a new financial partner for its popular Apple Card and savings accounts. The partnership between Apple and Goldman Sachs has faced challenges in recent years, including regulatory scrutiny and issues with refunds and billing errors. It is unclear if Apple has found a new partner or if it would make bigger changes to its financial products.


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Tickers: AAPLGS

Keywords: entertainmenttechnologybanksmobilegoldman sachs group incbreaking news: technologyapple incdavid solomonbusinessbusiness news

Source: https://www.cnbc.com/2023/11/28/apple-is-trying-to-unwind-its-goldman-sachs-credit-card-partnership.html


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