According to the WSJ JPMorgan Chase is in advanced talks to purchase the Apple card portfolio from Goldman Sachs. Goldman just sold the GM card portfolio to Barclays in a discounted deal worth $2 billion and is looking to exit the... Read More →
Tag - goldman sachs
Goldman Sachs To Sell GM Card Portfolio To Barclays For $2 Billion In Discounted Deal
Goldman Sachs and Barclays are nearing a deal that would see the GM card portfolio to move to Barclays for $2 billion in a discounted deal according to Bloomberg. In early 2023 it was reported that Goldman Sachs would stop bidding for... Read More →
Apple To Cut Ties With Goldman Sachs On Their Apple Card & Savings Account
Via WSJ, Apple plans to cut ties from Goldman Sachs as the banking institution behind their popular Apple Card credit card and Apple high yield savings account. The company sent a proposal to complete the exit within the next 12-15... Read More →
Apple To Launch A Savings Account That You Can Deposit Daily Cash Into
Apple has announced that Apple Card users will soon be able to deposit Daily Cash (card rewards) into a high yield savings account. The account will be from Goldman Sachs (who also issue the Apple card). Unfortunately neither Apple or... Read More →
Goldman Sachs To Launch T-Mobile Credit Card
According to Bloomberg Goldman Sachs has signed a deal with T-Mobile to launch a co-branded credit card. This is Goldman Sach’s third credit card partnership following deals with Apple & GM. Competitor Verizon currently has a... Read More →
Goldman Sachs Wants To Take Over JetBlue Card Portfolio
The WSJ is reporting that Goldman Sachs is in talks with jetBlue to take over the cobranded credit card portfolio that is currently managed by Barclays. Barclays currently has three years remaining on that deal and are eager to extend... Read More →
Goldman Sachs & Barclays Competing For GM Credit Card Portfolio
General Motors currently has a co-branded credit card issued by Capital One. Both Goldman Sachs & Barclays are bidding for this co-branded card business which currently has $3 billion in outstanding balances. Goldman Sachs has... Read More →