JPMorgan Chase is talking with Apple about taking over the tech company’s credit-card program. Bank could become the new Apple credit-card issuer, but is seeking concessions from the tech company.
Discussions started earlier this year and have advanced in recent weeks, but a deal could still be months away, according to people familiar with the matter – Wall Street Journal reports. It isn’t guaranteed a deal will come together, because crucial details, including the price, are still to be negotiated.
Goldman and Apple reportedly pulled the plug last year on their partnership, which included credit cards and savings accounts.
Goldman is facing a costly exit from the partnership that is seen by other lenders as too risky and unprofitable, sources told Reuters in December last year.
After its foray into consumer banking flopped, Goldman has refocused on its traditional mainstays – investment banking and trading.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
