JPMorgan Chase has agreed to take over the loans underpinning Apple’s credit card portfolio from rival Goldman Sachs, extricating it from one of the last businesses related to an ill-fated foray into retail banking.
“This transaction substantially completes the narrowing of our focus in our consumer business,” said Goldman chief executive David Solomon in a statement.
The Apple credit card had about $20bn in loans and JPMorgan would pay a roughly $1bn discount to the par value of the portfolio, according to a person familiar with the matter. Apple and JPMorgan will also work together on an Apple-branded savings account.
您已阅读27%（626字），剩余73%（1686字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。