JPMorgan set to take over Apple Card from Goldman in $20 billion switch
JPMorgan Chase has agreed to take over Apple’s credit-card program from Goldman Sachs, the Wall Street Journal reported Wednesday. Goldman is expected to transfer about $20 billion in balances to JPMorgan at a discount exceeding $1 billion. The deal has not been announced and could face delays, Bloomberg Law said. JPMorgan, Goldman, and Apple declined to comment.