Huan Qiu Wang·2025-07-30 05:59Core Insights - Potential acquirers such as American Express, Synchrony, and Barclays have withdrawn from the competition for the Apple Card business, although the agreement has not been formally signed, indicating the deal may still fall through [1] - If the transaction is completed, it would represent one of the largest credit card business transfers in history, further solidifying JPMorgan Chase's position as the largest credit card issuer in the U.S. [1] - For Goldman Sachs, divesting the Apple Card business would help alleviate a challenging operation under CEO David Solomon's tenure [1] - Partnering with JPMorgan Chase would provide greater stability for Apple's Apple Card business, which has experienced rapid expansion in recent years, despite Goldman Sachs facing regulatory scrutiny over billing and refund operations [1] - According to the original agreement, Goldman Sachs committed to servicing the Apple Card until at least 2029 [1]