In a surprising move reported by The Wall Street Journal, Apple is severing ties with Goldman Sachs, concluding their credit card partnership within the next 12 to 15 months. The dissolution encompasses the entire consumer partnership, including the popular Apple Card and the Apple Savings account. While Apple has not yet disclosed details about a…
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In a surprising turn of events, Goldman Sachs, Apple’s trusted banking partner for its groundbreaking credit card and high-yield savings account, appears to be reevaluating its commitment to these consumer-oriented products. Reports from The Wall Street Journal suggest that the financial giant is considering exiting the consumer lending business, which could have significant implications for…
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In a bid to revolutionize the world of stock trading, tech giant Apple and financial powerhouse Goldman Sachs joined forces to develop an integrated stock trading feature for the iPhone. This ambitious endeavor, which took shape in 2020, aimed to provide users with a seamless platform to engage in stock transactions directly from their iPhones,…
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Apple Card Savings Account, launched in April, introduced a high-yield savings option for Apple Card users, allowing them to earn 4.15% interest on their funds. However, recent reports from the Wall Street Journal shed light on certain challenges faced by users, including significant delays in transferring money to external bank accounts. In response to these…
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Apple and Goldman Sachs have had a deep connection through their Apple Card venture, but it seems this marriage isn’t as blissful as one might think. The Wall Street Journal has revealed that Goldman Sachs is currently in discussions with American Express to potentially transfer its partnership with Apple. This comes after the financial giant…