Apple Moves to End Goldman Sachs Card Partnership. It’s not the Best for Apple Stock Predictions 2025.

Nov 29, 2023

Apple Stock Predictions 2025

Despite extending their credit-card collaboration until 2029 a little over a year ago, Apple and Goldman Sachs appear prepared to cancel it, making Apple stock predictions 2025 not that positive.

The Wall Street Journal reported late Tuesday that Apple offered Goldman Sachs a proposal to quit the arrangement within the next 12 to 15 months. It includes abandoning the high-yield savings account the two opened earlier this year and the credit card introduced in 2019, according to persons informed on the subject, according to the Journal.

It is unclear whether Apple has secured a replacement card provider.

The partnership’s abrupt closure isn’t ideal for Apple (AAPL), which is expanding into financial services to enhance its services sector. On the other hand, Apple should have little trouble finding a new issuer.

Goldman Sachs simply wants to reverse its messed-up consumer banking experiment as soon as possible. Overall, it’s probably for the best that the couple part ways.

While the writing has been on the wall for some time, the businesses’ consumer-finance cooperation is slowly disintegrating.

Goldman’s massive push into consumer lending has been reversed much faster. The Wall Street bank announced in January that it has lost $3 billion in consumer banking since 2020. According to the Journal, Goldman informed Apple in early 2023 that it wished to exit the alliance.  

According to sources, the bank announced the sale of its lending platform GreenSky in October at a hefty loss before terminating its credit card arrangement with General Motors earlier this month. It sold its personal financial management unit in August.

The bank’s third-quarter profit fell 33% due to its quick withdrawal from consumer banking. Apple and Goldman did not reply to requests for comment early Wednesday. Goldman Sachs was 0.3% higher heading of the open on Wednesday, while Apple was flat, making Apple stock predictions 2025 pretty unstable for now.

Subscribe Our Newsletter

B2CORE Android App 2.0

Tamta

B2CORE Android App 2.0: A New Era of Trading Control

Another massive update from B2CORE: Android App 2.0 is released! Experience enhanced control, security, and convenience.

Companies
Musk Leaves Twitter CEO Chair

Milena

Elon Musk Leaves Twitter CEO Chair

The Twitter founder recently launched a poll in which people voted on his future as CEO. Here is what to expect next.

Companies
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Constantine

What is Thruster (THRUST): An Advanced AMM for the Blast Ecosystem
Thruster (THRUST) is the advanced AMM revolutionizing DeFi with dynamic liquidity, multi-chain support, and developer-friendly tools in the Blast Ecosystem.

discover
What’s at Stake? Here’s How to Avoid Scam Tokens

Constantine

What’s at Stake? Here’s How to Avoid Scam Tokens

Thanks to the development of crypto technology, there are all kinds of projects designed to transform the financial system and give society new ways to invest, pay for goods and services, interact with virtual reality and much more.

Blockchain
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiriesb2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Hazem

    MetaTrader vs cTrader: Which Trading Platform Shall You Choose?

    MetaTrader vs cTrader: The Full Breakdown

    Сonstantine

    Will Dogecoin Reach $1? Tokenomics and Price Analysis

    Will Dogecoin Reach 1 Dollar Analysis

    Сonstantine

    How to Get a Crypto Exchange License?

    How to Get Crypto Exchange License

    Сonstantine

    Best Crypto to Buy Now: Guide for Investors

    Best Crypto To Buy Now

    Hazem

    Grok vs ChatGPT: What’s the Best AI Assistant You Need in 2025

    Grok vs ChatGPT

    Сonstantine

    How to Choose the Right Liquidity Provider for Your Brokerage

    How to Choose the Right Liquidity Provider for Your Brokerage

    Сonstantine

    Low-Latency Trading Defined: Speed, Strategy and Technology

    Low-Latency Trading Explained

    Hazem

    How Liquidity Depth Affects Slippage in High-Volume Trading

    Liquidity depth and slippage in trading

    Hazem

    What is FIX API Liquidity Connection and How Does it Power Institutional Trading?

    FIX API in institutional trading

    Сonstantine

    OTC Trading Strategies and Technologies to Succeed in Over-the-Counter Markets

    OTC Trading Strategies

    Alexander

    What is OTC Trading? A Complete Guide for 2025

    what is OTC

    Alexander

    Synthetic Futures: A Trader’s Guide to Replicating Positions with Options

    How to Trade Synthetic Futures

    Сonstantine

    Order Book Depth: What It Is And Why It Matters?

    Order Book Depth What It is And Why It Matters

    Alexander

    Spot vs Perpetual Futures: Which Is Right for You?

    Spot vs Perpetual Futures explained

    Hazem

    5 Reasons Traders Are Switching to Perpetual Futures

    5 Reasons to Switch to Perpetual Futures

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.