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JPMorgan Chase is in talk of the town to take over the Apple Card business from Goldman Sachs , The Wall Street Journalreports .
Goldman has come forth credit for the Apple Card since its launch in 2019 , but the Wall Street and Silicon Valley giants have been trying to unbrace their partnership since last twelvemonth . In 2023 , Goldman decided to give up its pushing into consumer banking , let in the $ 17 billion Apple Card computer program , because it was seen as a beguilement from its essence business .
Goldman and Apple reportedly come on multiple lenders about becoming the credit card ’s young angel , including American Express . Some of those deals were held up due to the Apple Card ’s gamey departure charge per unit , which may induce Goldman to sell the stage business to JPMorgan for less than its face note value .
