Reported 21 days ago
JPMorgan Chase is in negotiations with Apple to take over the credit card program formerly managed by Goldman Sachs, which has faced challenges and significant losses in its consumer banking sector. The discussions, which began earlier this year, may still take months to finalize. Goldman Sachs has reportedly struggled with the partnership, leading to its decision to exit the retail banking space in favor of its core investment banking and trading operations.
Source: YAHOO