Goldman Sachs’ Apple Partnership in Flux Amid New Talks with Barclays and Synchrony
Source: in.marketscreener.com Apple Explores Alternatives to Goldman Sachs Goldman Sachs’ Apple Card partnership with Apple might conclude sooner than expected. Although the partnership is officially contracted to run until 2030, Goldman Sachs CEO David Solomon suggested it could end earlier during the company’s quarterly earnings call on January 15. Solomon noted the partnership’s strain on the firm’s Platform Solutions division, which has adversely impacted Goldman Sachs’ return on equity (ROE) by 75 to 100 basis points. This revelation comes amid reports that Apple is engaging in private talks with Barclays and credit card issuer Synchrony Financial to replace Goldman Sachs. While Reuters cited unnamed sources for this development, neither Apple nor the prospective partners have publicly commented on the matter. Goldman Sachs Refines Focus Amid Challenges Despite potential changes with Apple, Goldman Sachs is narrowing its strategic priorities to strengthen its core busi...