The anticipated breakup between Apple (AAPL) and Goldman Sachs (GS) is now underway, and Chase (JPM) is appearing to be the main partner to step in, Mark Gurman of Bloomberg reports. Since the beginning of Apple and Goldman Sachs’ partnership, there have been engineering problems developing the service as well as issues with gender discrimination on credit limits and approvals and complaints on customer service hold times. Now, with Goldman trying to wind down its consumer businesses, both companies want out of the deal. Chase is a strong contender to replace Goldman, for it has a significant relationship with Apple, also uses the MasterCard network, and has a strong network.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AAPL:
- Apple (NASDAQ:AAPL) Gains Slightly Due to Smartwatch Win
- Apple (NASDAQ:AAPL) and Paramount Look to Team Up
- Apple, Paramount in talks to bundle streaming services, WSJ reports
- Xbox in talks with partners to launch mobile app store, Bloomberg reports
- Apple loses bid to block UK probe over gaming, browsers, Bloomberg reports