Apple Inc. AAPL is calling it quits on its credit-card partnership with Goldman Sachs Group Inc. GS, ending the Wall Street bank’s push into consumer lending, according to a Wall Street Journal report Tuesday. The iPhone maker sent a proposal to Goldman to leave the contract within 15 months, according to people briefed on the matter. The exit would cover the companies’ consumer partnership, which includes the credit card the companies launched in 2019 and the savings account rolled out in 2023. It is unclear if Apple has lined up a new issuer for the card.

Master your money.

Subscribe to MarketWatch.

Get this article and all of MarketWatch.

Access from any device. Anywhere. Anytime.


Subscribe Now

Source link

You May Also Like

Why Crowd Crushes Are So Deadly

What began as Halloween festivities in South Korea transformed into nightmarish scenes…

Kentucky Republicans seek to nationalize gubernatorial race as state Democrats keep focus local | CNN Politics

CNN  —  Kentucky Republicans are seeking to tie Democratic Gov. Andy Beshear…

6 killed in Baltimore Beltway crash

6 killed in Baltimore Beltway crash – CBS News Watch CBS News…

First images of British banknotes featuring King Charles III unveiled | CNN Business

London CNN Business  —  The first images of banknotes featuring Britain’s King…