Credit Cards
- Apple Card: Goldman likely stuck, Amex unlikely contender, Tim Cook once denied - 9to5Mac9to5mac.com 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...
cross-posted from: https://lemmy.finance/post/47
> 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.
- Delta Opens The Kimono On Their SkyMiles Credit Card, Now About 1% Of The Whole Country’s GDPviewfromthewing.com Delta Opens The Kimono On Their SkyMiles Credit Card, Now About 1% Of The Whole Country's GDP - View from the Wing
Before the pandemic the American Airlines co-brand portfolio had the largest charge volume, but American, United and Delta were all over $100 billion annually. Delta now says they’re “approaching 1% of U.S. GDP” on their co-brand cards, which would be ~ $255 billion. Inflation helps, but it’s reaso...
- Apple Card contributes to another $667 million loss for Goldman Sachs: ‘We did not execute well’9to5mac.com Apple Card contributes to another $667 million loss for Goldman Sachs: ‘We did not execute well’ - 9to5Mac
Back in January, we learned that Apple Card has been responsible for more than a billion dollars in losses for...
