The Wall Street firm is in talks with American Express to take over its Apple credit card and other ventures with the tech giant, according to people familiar with the matter. A retreat from Apple and credit cards would effectively end Goldman’s consumer-lending business, and would also seal the fate of Goldman’s grand plans to become a full-service bank.
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Goldman is looking for a way out of its partnership with Apple
“It’s a very, very strong partnership where there’s a lot of opportunity,” Solomon said at the time. The bank launched a savings account with Apple in April.
