JPMorgan reaches deal to take over Apple credit card, WSJ reports

Core Insights - JPMorgan Chase has reached an agreement to acquire the Apple credit-card program from Goldman Sachs, as reported by the Wall Street Journal, citing sources familiar with the matter [1] Company Summary - JPMorgan Chase is set to take over the management of the Apple credit-card program, which was previously handled by Goldman Sachs [1] - This transition indicates a strategic shift in the partnerships within the financial services sector, particularly in the credit card space [1] Industry Summary - The deal highlights the competitive landscape in the credit card industry, where major banks are vying for lucrative partnerships with technology companies [1] - The acquisition may lead to changes in how credit card offerings are structured and marketed, potentially impacting consumer choices and market dynamics [1]