Goldman Sachs is in talks to offload its Apple credit history card and large-yield discounts account goods to American Convey, a source instructed CNBC’s Leslie Picker.
Goldman Sachs and Apple declined to remark. CNBC has also arrived at out to American Convey.
The talks appear amid a broader retreat by Goldman from its mostly failed customer banking initiatives, for which CEO David Solomon has taken a wonderful deal of heat. Final week, CNBC documented that the Wall Road giant is making ready to take a enormous writedown on its 2021 acquisition of fintech loan provider GreenSky.
The Wall Road Journal 1st claimed the Goldman talks with American Express. The newspaper reported you will find no assurance of a offer, nor is an settlement near.
The Journal also described that Goldman is conversing about unloading its Standard Motors card partnership. CNBC has also attained out to GM for remark.
–CNBC’s Steve Kovach and Hugh Son contributed to this report.
