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Goldman Sachs Wants to End Apple Partnership, American Express Might Take Over
(www.macrumors.com)
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this post was submitted on 30 Jun 2023
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Could Apple start something like it’s own bank? Not anytime soon, but what is stopping them? Apple Pay shows there’s a market there to be exploited.
There is a ton of requirements they would have to meet due to regulations but they technically could however the question for management is if it’s worth the investment rather than getting a favorable deal with another bank. Goldman Sachs seems to be saying they just grew too fast, so another bank might be able to manage better such as AMEX.