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After years of Goldman Sachs seeking an exit, a deal may finally be done to transfer Apple Card and Apple Savings to JPMorgan Chase.
Apple Card to be run by JPMorgan Chase
It was clear in 2023 that Goldman Sachs would exit the consumer credit game, abandoning its Apple Card partnership with it. However, it has taken 26 months to reach a point where it can finally hand over issuing control to another bank.
According to a report from The Wall Street Journal, a deal has been reached with JPMorgan Chase to take over, at least according to anonymous sources. It took over a year to reach this deal, and could be announced officially at any time.
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