Apple Card: Goldman likely stuck, Amex unlikely contender, Tim Cook once denied - 9to5Mac
9to5mac.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.
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...
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cedarfox @lemmy.finance
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