Goldman Sachs is looking to leave Apple partnership: WSJ

Goldman Sachs Group Inc. GS is weighing whether to leave its partnership with Apple Inc.

amid a broader retreat from consumer banking, the Wall Street Journal reported on Friday. The Journal, citing people familiar with the matter, said Goldman was seeking ways to hand off its Apple credit card and other initiatives from the partnership to American Express Co. AXP. Goldman has also considered offloading its card partnership with General Motors Co. GM to American Express or another card issuer, the Journal reported.

amid a broader retreat from consumer banking, the Wall Street Journal reported on Friday. The Journal, citing people familiar with the matter, said Goldman was seeking ways to hand off its Apple credit card and other initiatives from the partnership to American Express Co. AXP . Goldman has also considered offloading its card partnership with General Motors Co. GM to American Express or another card issuer, the Journal reported.

Source: Financial Digest (financialdigest.net)

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