An agreement would be one of the biggest credit-card deals ever, cementing JPMorgan’s status as the largest credit-card issuer in the U.S. It would serve to bring two of the country’s most influential companies closer together, giving the bank a loyal base of Apple customers to whom it can pitch more financial products, and giving the Apple a sprawling consumer franchise to help it sell and finance more gadgets.
Goldman cardholders were behind on payments by 30 days or more on roughly 4% of credit-card outstanding balances as of the end of March, according to Goldman’s financials. The delinquency rate on credit-card loans across all commercial banks was 3.05% for the same period, according to the latest data from the Federal Reserve.
