Goldman Sachs is studying breaking up with Apple and looking for another bank...

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The long-term relationship between the technology giant Apple and the Goldman Sachs bank , which until now has been in charge of managing services such as Apple Card credit cards and its buy now, pay later service , is about to come to an end. . Goldman Sachs has plans to stop being the bank that supports the financial services offered by Apple as was the case until now, according to sources familiar with the matter have informed The Wall Street Journal . Instead, the bank is negotiating with the American financial institution American Express to take over Apple's financial services in the future. Apple is aware of these negotiations but is not participating in them, as confirmed to the aforementioned media.

In this way, American Express could become in the short term the bank that supports and Algeria Phone Number List manages the Apple Card, Apple's own credit card launched in 2019, which is currently only available in the United States. Why Apple's new move into "buy now, pay later" services is a threat to banks by sidelining Goldman Sachs and thanks to the tech giant's exorbitant cash The same thing happens with Apple's Buy now pay later service , which the technology company announced last year and which allows you to finance the purchase of its products in 4 interest-free payments, although only in amounts between.



So far, this service, which was definitively launched in March of this year, is being managed by Goldman Sachs, and American Express would be its successor if negotiations come to fruition. This decision is part of a change in strategy in the Goldman Sachs  business , which the company has already confirmed that it would return to its origins after an internal review carried out last year and losing 3,000 million since 2020 due to these efforts. The American bank's businesses will thus become more focused on investment and its participation in the financial markets, but it will gradually abandon its projects aimed at the mass and general public, with some exceptions such as the Marcus savings accounts.