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International Business Times
International Business Times
Business

JPMorgan Takes Over Apple Card, Marking a Major Shift in the US Credit Card Market

JPMorgan Chase has reached a definitive agreement with Apple to become the new issuer of the Apple Card, replacing Goldman Sachs.

Once finalized, the deal is expected to move more than $20 billion in Apple Card balances onto JPMorgan's platform, adding meaningful scale to Chase's already expansive consumer finance business.

Financial Impact and Risk Management

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