Following reports that Goldman Sachs and Apple might be about to part ways over the pair's Apple Card credit card, one potential card issuer seems to be pulling back amid rumors it could step in. You might think that the reason for that would be reports that Goldman Sachs has lost more than $1 billion since the card launched, but that might not be it at all.
With some analysts in the finance space pointing the finger squarely at Amex as a potential suitor for an Apple Card deal, it was surely only a matter of time before someone put the question to the company itself. But when that happened Amex CEO Steve Squeri was suitably coy, but that doesn't mean that he didn't have anything interesting to say. Because he very much did, and it makes for bad reading for Apple.
