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Report: Apple nearing deal with Chase for Apple Card partnership


Apple Card might soon be backed by Chase rather than Goldman Sachs. The move comes as Goldman has lost billions on the deal with Apple.

The report doesn’t provide any additional details about the potential partnership between Apple and JPMorgan Chase. JPMorgan Chase doesn’t currently offer an HYSA, so it’s unclear if it would be interested in taking over that component of the deal. Despite its larger retreat from the consumer market, Goldman Sachs still offers its Marcus high-yield savings account.

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