Goldman Sachs' credit-card partnership with Apple may end before its contract runs out in 2030, Goldman CEO David Solomon said on Wednesday.

Last fall, a Wall Street Journal report pointed to significant losses Goldman Sachs was facing in its consumer business—which includes Apple Card—as a key reason for the rumored partnership break.

In 2019, Goldman Sachs announced credit card with Apple. Now, the partnership could be on its last legs. According to the Wall Street Journal in a September 19, 2024 report, Apple has held talks with ...

The financial strain wasn't the only issue — Goldman Sachs also faced regulatory scrutiny over its credit card business. In October 2024, the Consumer Financial Protection Bureau (CFPB ...

Apple has given Goldman ... card and account holders. What would the split mean for the Apple Card and savings account? It's not clear how the end of the relationship between Apple and Goldman ...

NEW YORK (Reuters) - Goldman Sachs ... Apple card dragged down Goldman's return on equity by 75 to 100 basis points last year, but "that will improve in 2025 and 2026," he added. The business ...