Ever since its introduction in 2019, the Apple Card has been powered by Goldman Sachs, however that may change quickly. Yesterday Goldman Sachs’ CEO mentioned his firm’s cope with Apple may finish early, and as we speak a brand new report claims two different establishments are able to step in: the Barclays financial institution and the monetary providers firm Synchrony.
As you may anticipate for one thing like this, Apple, Barclays and Synchrony have declined to remark. The report cites “two sources familiar with the matter”.
Apparently, negotiations between Apple and Barclays have been ongoing for “several months”. That mentioned, it could nonetheless take many extra months for a deal to be reached. JPMorgan Chase has additionally been in talks with Apple about taking on the Apple Card since final 12 months, based on a earlier report.
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