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JPMorgan Chase in Advanced Talks to Acquire Apple's Credit Card Program
29 Jul
Summary
- JPMorgan Chase in advanced talks to take over Apple's credit card program
- Deal would shift program from current provider Goldman Sachs
- Negotiations still ongoing, no final agreement reached yet
According to a report by the Wall Street Journal, JPMorgan Chase is currently in advanced talks to take over Apple's credit card program from Goldman Sachs. The negotiations are still ongoing, and no final agreement has been reached yet.
This potential deal would shift the management of Apple's credit card to a new financial institution. JPMorgan Chase is poised to become the new provider of the Apple credit card, replacing Goldman Sachs, which has been the current partner for the program.
The details of the potential takeover are still being discussed, and it remains to be seen if the two companies will finalize the agreement. However, the move would represent a significant change in the landscape of the Apple credit card, which has been a key part of the tech giant's financial services offerings.
