Four years after partnering with Apple on the launch of the Apple Card, Goldman Sachs could also be eyeing the exits.
The Wall Street Journal experiences that Goldman is “looking for a way out” of its high-profile take care of Apple, which just lately expanded to incorporate financial savings accounts for Apple Card holders.
The funding banking agency is outwardly in talks to dump the partnership to American Express, the WSJ report added, however thus far nothing appears to be set in stone, neither is it clear if Apple would help the handoff.
However, it wouldn’t be stunning if such an association involves move. Earlier this yr, Goldman CEO David Solomon stated he was “considering strategic alternatives” for the funding agency’s shopper arm. Beyond its take care of Apple, Goldman’s consumer-facing enterprise features a bank card partnership with General Motors in addition to GreenSky, the lending firm Goldman purchased for $2.2 billion in 2021.
For their half, Apple and Goldman didn’t instantly reply to requests for touch upon the WSJ story. CNBC later revealed an analogous report, citing its personal unnamed sources.