Apple has sent a proposal to Goldman Sachs to terminate the partnership within the next 12-15 months.
Apple and Goldman Sachs are committed to providing our customers with incredible opportunities to help them lead healthier financial lives. The award-winning Apple Card has received great response from consumers, and we continue to innovate and provide better tools and services.
Apple
Apple likely sent the proposal at the request of Goldman Sachs because the bank had long wanted to terminate the agreement. Apple Card led to losses of $1-3 billion at Goldman Sachs.
Until the agreement is terminated, the Apple Card will continue to work, but who will then remain in charge of the banking part is unknown. Apple did not name the new partner. [9to5Mac]
Source: Iphones RU
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