Apple may reportedly be ending its credit and savings partnership
with Goldman Sachs within the next year or so.
The Wall Street Journal reported on Tuesday that this would mean Apple would
need to find a new financial partner for its popular Apple card.
For those unfamiliar with the Apple card.
The tech giant offers a high yield savings account
and credit via the wallet app on the iphone.
But banking matters are handled by Goldman Sachs.
This relationship hasn't been completely smooth between the two
with Goldman Sachs facing backlash over how it handles billing errors,
refunds and determining credit limits.
This also comes as Goldman Sachs looks to scale back its
consumer lending business which lost $4 billion in the second quarter.