2026-01-08 14:51:22

Major financial shift incoming: Goldman Sachs finally offloads its consumer banking headaches by transferring the Apple Card portfolio to JPMorgan Chase. After years of struggling with consumer operations, the move marks a significant exit strategy for Goldman. JPMorgan takes the reins on one of the most high-profile fintech partnerships in the space. This reshuffling reflects the ongoing consolidation among traditional financial players and their evolving approach to digital payment ecosystems.

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blockBoy

· 01-11 11:04

Goldman Sachs really can't handle retail anymore, so they just handed it over to JPM.

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UnruggableChad

· 01-09 10:35

Goldman is getting bitten too badly and just gave up JPMorgan taking on this hot potato, really daring How come Goldman can't even hold big clients like Apple... shows that consumer banking really isn't that easy This move is probably big fish eating small fish, traditional finance is doing the final consolidation Is Apple Card really not as profitable as imagined?

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InscriptionGriller

· 01-08 20:11

Goldman Sachs' move, to put it simply, is finally getting rid of the hot potato in consumer finance, with JPMorgan Chase taking over... This trick is well-known to old hands.

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StablecoinEnjoyer

· 01-08 15:20

Goldman Sachs has finally run away, leaving the mess of Apple Card to JP Morgan. LOL

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All-InQueen

· 01-08 15:15

Goldman Sachs has really run away this time; consumer finance is truly not suitable for it.

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QuietlyStaking

· 01-08 15:09

Goldman Sachs really chickened out, passing the mess to JPMorgan Chase. LOL

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BrokenYield

· 01-08 15:02

lmao goldman admitting defeat on consumer banking... this is what happens when you're not built for retail. jpm taking the apple card baggage, smart move or massive leverage trap? correlation matrix says it's gonna get messy when rate cycles flip.

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MEVHunterWang

· 01-08 14:55

Goldman Sachs has truly given up; consumer finance is definitely not their thing.

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