Goldman Sachs remains in speak with unload its Apple charge card and high-yield cost savings account items to American Express, a source informed CNBC’s Leslie Picker.
Goldman Sachs and Apple decreased to comment. CNBC has actually likewise connected to American Express.
The talks come amidst a wider retreat by Goldman from its mainly unsuccessful customer banking efforts. Last week, CNBC reported that the Wall Street giant is preparing to take a substantial writedown on its 2021 acquisition of fintech lending institution GreenSky.
The Wall Street Journal initially reported the Goldman talks with AmericanExpress The paper stated there’s no guarantee of an offer, nor is a contract close.
The Journal likewise reported that Goldman is speaking about dumping its General Motors card collaboration. CNBC has actually likewise connected to GM for remark.
— CNBC’s Steve Kovach and Hugh Son added to this report.
This is breaking news. Check back for updates.