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Goldman Sachs faces rocky exit from Apple credit card partnership
![IndiaTimes]()
Monday, 18 December 2023
Goldman Sachs faces a costly exit from its partnership with Apple, as the credit card venture is considered too risky and unprofitable. The expected unwinding of the partnership is a setback for CEO David Solomon's consumer strategy. Prospective bidders may pressure Apple to change the terms of the deal and seek access to Apple's credit card data. Credit card issuers like Synchrony Financial, Citigroup, and Capital One could be potential partners. Apple recently proposed a contract exit for Goldman in the next 12 to 15 months.
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Monday, 18 December 2023
