Overview

• Goldman Sachs has lost over $1 billion on its deal with Apple and is looking to exit the partnership.
• The bank is discussing transferring its Apple Card and other programs to American Express.
• Talks have been ongoing but a deal is not guaranteed and needs Apple's approval.
• Goldman Sachs' move is part of its retreat from consumer banking after facing criticism and financial losses.
• Apple is exploring handling more financial services internally to rely less on partners like Goldman Sachs.