JPMorgan eyes Apple Credit Card deal after Goldman Sachs exits
JPMorgan Chase & Co. is in talks to acquire Apple Inc.’s credit card system from The Goldman Sachs Groups Inc. In November 2023, Apple canceled its partnership with Goldman Sachs concerning its credit card and savings accounts after disagreements emerged regarding how both systems were run.
JPMorgan Chase in Talks to Replace Goldman Sachs in Apple Card Partnership
Goldman Sachs and JPMorgan will need to agree on terms and conditions of the card transfer, as the two financial firms will need to agree on a transaction price for the existing card balances. Other negotiations include the consumer rewards program for the Apple Card.
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