Jamie Dimon's Grip On US Credit Card Dominance Grows As JPMorgan Wins Apple Card Business From Goldman Sachs
Apple Inc. (NASDAQ:AAPL) has chosen JPMorgan Chase (NYSE:JPM) as the new issuer of the Apple Card, ending Goldman Sachs' (NYSE:GS) role in a move that significantly reshapes the consumer finance ambitions of all three companies. JPMorgan Chase Takes Over Apple Card From Goldman Sachs On Wednesday, JPMorgan Chase announced that it has reached an agreement with Apple to become the new issuer of the Apple Card, replacing Goldman Sachs. The deal expands the largest U.S. bank's already massive credit card busi ...