Goldman Sachs' credit-card partnership with Apple may end before its contract runs out in 2030, Goldman CEO David Solomon said on Wednesday.
Last fall, a Wall Street Journal report pointed to significant losses Goldman Sachs was facing in its consumer business—which includes Apple Card—as a key reason for the rumored partnership break.
The financial strain wasn't the only issue — Goldman Sachs also faced regulatory scrutiny over its credit card business. In October 2024, the Consumer Financial Protection Bureau (CFPB ...
The six-year-long Apple Card partnership between Goldman Sachs and Apple might end sooner than expected. Previous reports suggested that the private bank wasn’t happy with the collaboration ...
NEW YORK (Reuters) - Goldman Sachs' credit-card partnership with Apple may end ... but "that will improve in 2025 and 2026," he added. The business is housed within Goldman's platform solutions ...