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11/29/2023, 1:13 AM (Source: TeleTrader)
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Apple plans to exit credit-card partnership with Goldman Sachs

Apple Inc. is planning to end its credit-card partnership with the Goldman Sachs Group Inc, marking the end of a venture that began with the launch of a virtual credit card in 2019, the Wall Street Journal reported, citing people briefed on the matter.

Apple reportedly sent a proposal to the investment banking firm to terminate their contract within the next 12 to 15 months. This move would encompass the entire consumer partnership between the two companies.

Baha Breaking News (BBN) / NL