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JPMorgan Chase has agreed to take over the loans underpinning Apple’s credit card portfolio from rival Goldman Sachs, extricating it from one of the last businesses related to an ill-fated foray into retail banking.
“This transaction substantially completes the narrowing of our focus in our consumer business,” said Goldman chief executive David Solomon in a statement.
https://www.ft.com/content/07b1da7c-bac1-4d79-b281-1d2eaaabdea7
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