Report: Apple to end partnership with bank that backs Apple Card, savings accounts::Goldman Sachs has lost billions of dollars on its consumer-focused businesses.
Report: Apple to end partnership with bank that backs Apple Card, savings accounts::Goldman Sachs has lost billions of dollars on its consumer-focused businesses.
When the card launched, I remember reading that Apple was keen to put their finger on the scales when deciding whether or not somebody was offered credit through Apple. Their logic, I assume, was that the increased profits would offset the increased risk.
This appears not to have been the case.