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Apple Card: Goldman likely stuck, Amex unlikely contender, Tim Cook once denied - 9to5Mac

9to5mac.com Apple Card: Goldman likely stuck, Amex unlikely contender, Tim Cook once denied - 9to5Mac

Goldman Sachs has somehow managed to lose money on its share of the Apple Card business, and American Express has...

Apple Card: Goldman likely stuck, Amex unlikely contender, Tim Cook once denied - 9to5Mac

I don't think they'll find a major bank that's willing to take the accounts. Looking at the financials for Goldman's consumer division, it seems they went into this unprepared for how consumers use credit.

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