Report: Apple and Goldman Sachs are breaking up over money-losing Apple Card
arstechnica.com
Goldman Sachs has lost billions of dollars on its consumer-focused businesses.

Report: Apple to end partnership with bank that backs Apple Card, savings accounts::Goldman Sachs has lost billions of dollars on its consumer-focused businesses.

  • GreyBeardEnglish
    8•8 months ago

    Even if they decided to do it themselves, they’d spin up a subsidiary to do the actual banking. No way Apple would want their retail stores having to live up the the rather strict standards of banks.