Official announcements from JPMorgan, Apple, or Goldman Sachs; major financial news outlets

JPMorgan in Talks to Take Over Apple's Credit Card Program from Goldman Sachs: WSJ

Sep 17, 2024, 04:16 PM

JPMorgan Chase is in advanced discussions with Apple to take over the tech giant’s credit-card program, which is currently managed by Goldman Sachs. The talks, reported by the Wall Street Journal, suggest that Apple and Goldman Sachs have decided to end their existing partnership. JPMorgan is seeking certain concessions as part of the potential deal to become the new issuer of Apple’s credit card. Sources say this development highlights a significant shift in the management of Apple's credit card program, with JPMorgan poised to step in as the new partner.