According to a report from The Wall Street Journal, Goldman Sachs is in talks to offload its partnership with Apple and American Express.
It appears that the bank wants to exit from both of these partnerships and have American Express take its place.
A deal with American Express isn’t imminent or assured, and it wouldn’t happen anytime soon.
Apple is reportedly aware of these discussions but didn’t immediately respond to The Verge’s request for comment.
The Apple Card may soon no longer be backed by Goldman Sachs.
Read the full article on TheWall Street Journal Here are the details of the situation: Goldman Sachs has been selling off its business interests in both Apple and iPhone to American Express .
Now, sources tell the Journal that banks want to outsource their business dealings with these two companies.
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