Apple in Talks With Barclays and Synchrony to Replace Goldman as Credit Card Partner [Report]
Apple is in talks with Barclays and Synchrony to replace Goldman Sachs as its credit card partner for Apple Card, according to a new report from Reuters. While several financial firms are interested in working with Apple, the original deal terms were viewed as risky and unprofitable.Negotiations between Apple and Barclays have been ongoing for several months, but it may still take months to strike a deal, the first source said. JPMorgan Chase (JPM.N), opens new tab has also been in talks with Apple about the business since last year, Reuters reported previously.Although Goldman's agreement with Apple is set to last until 2030, CEO David Solomon hinted at the possibility of an earlier termination during an earnings call yesterday.Continue ReadingSpotlight Deal:Apple Pencil Pro On Sale for $30 Off [Deal]Share Article:Facebook, Twitter, LinkedIn, Reddit, EmailFollow iClarified:Facebook, Twitter, LinkedIn, Newsletter, App Store, YouTube
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Apple is in talks with Barclays and Synchrony to replace Goldman Sachs as its credit card partner for Apple Card, according to a new report from Reuters. While several financial firms are interested in working with Apple, the original deal terms were viewed as risky and unprofitable.
Negotiations between Apple and Barclays have been ongoing for several months, but it may still take months to strike a deal, the first source said. JPMorgan Chase (JPM.N), opens new tab has also been in talks with Apple about the business since last year, Reuters reported previously.
Although Goldman's agreement with Apple is set to last until 2030, CEO David Solomon hinted at the possibility of an earlier termination during an earnings call yesterday.
Continue Reading
Spotlight Deal:
Apple Pencil Pro On Sale for $30 Off [Deal]
Share Article:
Facebook, Twitter, LinkedIn, Reddit, Email
Follow iClarified:
Facebook, Twitter, LinkedIn, Newsletter, App Store, YouTube
Negotiations between Apple and Barclays have been ongoing for several months, but it may still take months to strike a deal, the first source said. JPMorgan Chase (JPM.N), opens new tab has also been in talks with Apple about the business since last year, Reuters reported previously.
Although Goldman's agreement with Apple is set to last until 2030, CEO David Solomon hinted at the possibility of an earlier termination during an earnings call yesterday.
Continue Reading
Spotlight Deal:
Apple Pencil Pro On Sale for $30 Off [Deal]
Share Article:
Facebook, Twitter, LinkedIn, Reddit, Email
Follow iClarified:
Facebook, Twitter, LinkedIn, Newsletter, App Store, YouTube
