FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

JPMorgan explores taking over Apple card that Goldman wants to ditch

JPMorgan among other card-issuers interested in Apple card

Bloomberg NewsbyBloomberg News
September 17, 2024
in Banking
Reading Time: 2 mins read
0
Share on Facebook

JPMorgan Chase & Co. is in discussions with Apple Inc. about taking over a credit card portfolio that rival Goldman Sachs Group Inc. has been trying to ditch.

The biggest US bank is among a slew of credit-card issuers that have explored taking over the Apple card, according to a person familiar with the matter. The Goldman tie-up, initially launched about five years ago, was part of an effort to cement the Wall Street giant’s consumer-banking foray, which it has since abandoned.

Read More: Apple’s Ideal Credit Card Partner to Replace Goldman Sachs Is Chase

Goldman is already set to hand off a $2 billion portfolio of loans made to General Motors Co. customers to Barclays Plc at a discount to the value of the outstanding balances, Bloomberg reported earlier this month.

Representatives for JPMorgan and Goldman declined to comment. A representative for Apple didn’t immediately respond to a request for comment.

Read More: Apple Offers Exit Ramp to Goldman for Troubled Card Accord

The JPMorgan discussions were first reported by the Wall Street Journal, which said a deal could still be months away and isn’t guaranteed since key details such as the price are still to be negotiated.

For Apple, the Goldman partnership was part of a broader push to generate more revenue from services. The tech giant has also spoken to several potential suitors such as Synchrony Financial and Capital One Financial Corp. to ascertain their interest in taking over the credit card, the Wall Street Journal said Tuesday.

— By Hannah Levitt (Bloomberg)
Tags: BloombergJPMorgan ChasePremium
Previous Post

Ally faces legal battle after data breach

Next Post

How Citizens is prepping for open banking

Related Posts

(AI-generated/ChatGPT)
Banking

Why treasury management is ripe for agentic AI

June 25, 2026
Courtesy/Canva
Banking

Transaction: Grasshopper taps Waldo for treasury management

June 25, 2026
Banking

Bell Bank building AI search engine for mortgage, credit risk teams

June 24, 2026
Next Post
friction

How Citizens is prepping for open banking

Stay Informed with Our Newsletters

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

The Buzz Podcast

SPONSORED

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

Hiding in Plain Sight: How to Use Data to Spot Consumer Accounts Being Used by Small Businesses

November 10, 2025

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

 [wt_cli_manage_consent]

Connect

twitter linkedin podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account