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International Business Times UK
International Business Times UK
Business
Luis Vincent Gochoco

JP Morgan Swoops in on Apple Card Deal as Goldman Sachs Takes $1B Hit: Sources Reveal

JP Morgan Apple Goldman Sachs Jamie Dimon

The writing has been on the wall for months. After endless speculation about Goldman Sachs desperate to exit its consumer lending experiment, a new player has finally stepped up to the plate. JP Morgan has reportedly cut a deal to acquire the credit card programme, ending a turbulent chapter for Goldman that never quite found its footing.

Goldman's Expensive Retreat from Consumer Finance

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