JPMorgan Chase to Acquire Apple's Credit Card Program from Goldman Sachs
JPMorgan Chase will take over Apple's credit card program from Goldman Sachs, managing a $20 billion portfolio. This move signifies JPMorgan's expansion in consumer credit, while Goldman Sachs exits an unprofitable partnership.
Insights:
JPMorgan Chase & Co. has announced an agreement to acquire Apple Inc.'s credit card program from Goldman Sachs Group Inc. , marking a significant shift in the landscape of consumer banking partnerships in the US 
US. This strategic move will see JPMorgan becoming the new issuer of the Apple Card, a program that boasts approximately $20 billion in outstanding balances.
US. This strategic move will see JPMorgan becoming the new issuer of the Apple Card, a program that boasts approximately $20 billion in outstanding balances.
