Apple Card: Goldman likely stuck, Amex unlikely contender, Tim Cook once denied - 9to5Mac
Apple Card: Goldman likely stuck, Amex unlikely contender, Tim Cook once denied - 9to5Mac
Goldman Sachs has somehow managed to lose money on its share of the Apple Card business, and American Express has...
I don't think they'll find a major bank that's willing to take the accounts. Looking at the financials for Goldman's consumer division, it seems they went into this unprepared for how consumers use credit.
Probably capital one. They have cards with khols (new, they're just moving people from khols to capital one), Walmart, bass pro/cabellas, BJs gas and the suite of Pottery Barn owners (pottery barn, Williams Sonoma, west elm, and one that is marketed as "the key rewards", which is the same as the prior 3 are also made for)
I wonder about Barclays, a bank with infrastructure for consumer credit but you’re not seeing ads with their name. They handle branded cards for airlines, cruises, and retail.
They handled the old credit lines/cards Apple historically had back in the day.
Didn’t know that!