Macworld In any business there are ups and downs. As you’d expect, ups and downs in Apple’s world can be pretty big. (It’s just a theme to pull two mostly unrelated stories together, people. Don’t think about it too hard.) Fortunately for Apple, the down here is actually for another company, but it’s a whopper. “Goldman Is Looking for a Way Out of Its Partnership With Apple” Apple Pay was just another in a long string of Apple products that pundits told us were doomed from the start. This comes after reports that Goldman Sachs has lost billions in the relationship. The Macalope doesn’t know about you, but when he gets into business deals that lose him billions of dollars,…

Given yesterday’s report that Goldman Sachs is looking to bail on its partnership with Apple, I thought it would be interesting to do a breakdown of the increasingly-messy relationship between the two companies. After forging their partnership in 2019, Apple appears to have thrived while Goldman Sachs has suffered. more… The post Apple and Goldman Sachs: A timeline of the messy partnership that might soon fall apart appeared first on 9to5Mac.

Illustration: The Verge The Apple Card may soon no longer be backed by Goldman Sachs. According to a report from The Wall Street Journal, Goldman Sachs is in talks to offload its partnership with Apple to American Express. Apple launched its credit card in partnership with Goldman Sachs in 2019 and, more recently, made its new Pay Later service available to users in March. While Apple’s new financial division is handling the lending side of its buy now, pay later service, it’s still working with Mastercard and Goldman Sachs to enable the program. But now, sources tell the Journal that Goldman Sachs wants to exit from both of these partnerships and have American Express take its place. According to the…

Goldman Sachs does not want to continue its partnership with Apple, according to a new report from The Wall Street Journal. Apple has teamed up with Goldman Sachs for the Apple Card credit card in the United States, Apple Pay Later, and the Apple Savings account that ‌Apple Card‌ users can opt for. The banking company wants to cut back on its consumer business, and is now in talks with American Express (or Amex) about a potential takeover. A deal would see Goldman Sachs offloading its credit card partnerships to another company, which would include the ‌Apple Card‌ and other credit cards like one it offers for General Motors. American Express has not yet established an agreement with Goldman Sachs,…

Goldman Sachs may be bleeding money faster than previously thought on Apple Card, and it is reportedly trying to escape its partnership with Apple.Apple CardA new report claims that Goldman Sachs is in conversation with American Express and possibly even General Motors to escape its Apple Card deal. Citing "people familiar with the discussions," the Wall Street Journal believes that it may take some time for Goldman Sachs to escape the partnership — and Apple would have to agree. Read more...

Apple has developed a deep relationship with Goldman Sachs through Apple Card, but apparently, it’s an unhappy marriage. According to the Wall Street Journal, Goldman Sachs is in talks with American Express about transferring its Apple partnership. more… The post WSJ: Goldman Sachs wants to bail on Apple Card partnership after $1B loss, in talks with Amex appeared first on 9to5Mac.