JPMorgan reaches deal to become Apple credit card issuer, source says

Group 1 - JPMorgan Chase has reached an agreement to become the new issuer of the Apple credit card, taking over from Goldman Sachs [1] - The deal is nearing finalization after approximately one year of negotiations [2] - JPMorgan will offload around $20 billion of card balances at a discount exceeding $1 billion [2]