Goldman book negotiating to reduce the load Apple credit cards and high-interest savings account products to American Expressa source told CNBC’s Leslie Picker.
Goldman Sachs, Apple and American Express declined to comment.
Negotiations come amid Goldman’s withdrawal from the majority consumer banking initiative failed, which CEO David Solomon has devoted a lot of heart to. Last week, CNBC reported that the Wall Street giant is preparing to make a big splash for the acquisition of financial technology lender GreenSky in 2021.
The Wall Street Journal first report on Goldman’s negotiations with American Express. The newspaper said there is no guarantee of an agreement, nor has any agreement been signed.
It would mark an abrupt reversal for the two giants. In October, the Journal reported that Goldman and Apple had renewed their partnership until 2029. And in April, Goldman’s CFO, Denis Coleman, touted the deepening partnership.
“This week, we announced the launch of a savings account for Apple Card users. We’re excited to strengthen our partnership with Apple through this additional offering and the introduction of a cash funding source. send another to the company,” Coleman said at the time.
The magazine also reported on Friday that Goldman is talking about unloading common engine card cooperation. GM declined to comment to CNBC.
– Steve Kovach, Phil LeBeau and Hugh Son of CNBC contributed to this report.
