It has been surprising to see how much Goldman Sachs has struggled in consumer banking. Apple Card provides JPMorgan Chase ...
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JPMorgan to take over Apple credit card from Goldman Sachs
The bank plans to record a $2.2bn provision for credit losses tied to the deal when it reports fourth-quarter 2025 earnings ...
The deal ends a failed experiment in consumer lending for Goldman Sachs, which launched a card with Apple in 2019.
JPMorgan Chase will take the reins as the new issuer of the Apple Card, according to a press release from the companies.
The Apple Card offers 3% cash back on Apple purchases and Apple Pay purchases at select merchants, 2% cash back in general ...
Additional details have emerged regarding JP Morgan's (NYSE:JPM) acquisition of the Apple Card (NASDAQ:AAPL) business.
Today, Apple and Chase announced that Chase will become the new issuer of Apple Card, with an expected transition in approximately 24 months.
JPMorgan is set to take over the Apple Card from Goldman Sachs, a deal that reshapes credit cards, consumer banking strategy, and Big Tech finance.
Profits dipped in the fourth quarter for JPMorgan Chase due to a $2.2 billion provision for credit loss in its takeover of ...
Leverage the Apple Card’s instant Daily Cash feature, which funds 3% cashback that helps shrink subscription bills, finance ...
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