Apple is reportedly in talks with JPMorgan Chase to acquire the Apple Card business from current issuer Goldman Sachs. This comes after Goldman Sachs' struggles with losses in its consumer business. While a deal hasn't been finalized, it could see JPMorgan Chase revamp key components of the Apple Card, including its synchronized billing system.
intensify, potentially leading to a shift from the current issuer, Goldman Sachs . This move comes as Goldman Sachs continues to struggle with substantial losses in its consumer business .
JPMorgan Chase, emerging as the front-runner, is reportedly interested in acquiring the Apple Card business but at a discount to the outstanding balances. The bank is eyeing potential risks associated with Apple's subprime exposure and current program terms. Additionally, JPMorgan has indicated its intention to revamp certain"key components" of the Apple Card, including the much-discussed synchronized billing system that has been a source of logistical challenges for Goldman Sachs.
Johanna 'Jojo the Techie' is a skilled mobile technology expert with over 15 years of hands-on experience, specializing in the Google ecosystem and Pixel devices. Known for her user-friendly approach, she leverages her vast tech support background to provide accessible and insightful coverage on latest technology trends.
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