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Goldman Sachs faces costly departure from Apple card partnership, Reuters says

Goldman Sachs (GS) is facing a potentially costly exit from its credit card partnership with Apple (AAPL) that is seen by other banks as too risky and unprofitable, Reuters’ Saeed Azhar and Lananh Nguyen report. In searching for a buyer for its share of the arrangement, the Wall Street giant will face pressure from bidders to lower the value of its stake in order to make the price more attractive, the authors say, citing two sources familiar with the matter.

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