Behind Apple’s Split With Goldman Sachs

Dec 05, 2023, 08:01 AM

When Apple and Goldman Sachs teamed up to launch the Apple Card in 2019, it was a big deal for both companies. Apple was becoming a bigger player in the payments space, and Goldman was expanding into consumer lending. According to some, it’s been a troubled marriage. Apple recently sent a proposal to Goldman to exit from the contract. WSJ reporter AnnaMaria Andriotis joins host Alex Ossola to talk about what the dissolution of the partnership could mean for both companies’ futures, and for Apple Card users.

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When Apple and Goldman Sachs teamed up to launch the Apple Card in 2019, it was a big deal for both companies. Apple was becoming a bigger player in the payments space, and Goldman was expanding into consumer lending. According to some, it’s been a troubled marriage. Apple recently sent a proposal to Goldman to exit from the contract. WSJ reporter AnnaMaria Andriotis joins host Alex Ossola to talk about what the dissolution of the partnership could mean for both companies’ futures, and for Apple Card users.

Learn more about your ad choices. Visit megaphone.fm/adchoices