JPMorgan nears deal to take over Apple’s credit card programme: Report

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JPMorgan Chase is in advanced talks to take over Apple’s credit card programme from Goldman Sachs, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Talks between the largest US bank and the tech giant began last year, as Goldman sought to unwind a partnership that had once been a cornerstone of its consumer banking strategy.

JPMorgan and Goldman declined to comment on the WSJ report, while Apple did not immediately respond to a Reuters request for comment.

The deal would further entrench JPMorgan in the credit card…



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JPMorgan nears deal to take over Apple’s credit card programme: Report


JPMorgan Chase is in advanced talks to take over Apple’s credit card programme from Goldman Sachs, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Talks between the largest US bank and the tech giant began last year, as Goldman sought to unwind a partnership that had once been a cornerstone of its consumer banking strategy.

JPMorgan and Goldman declined to comment on the WSJ report, while Apple did not immediately respond to a Reuters request for comment.

The deal would further entrench JPMorgan in the credit card…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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