Goldman Sachs CEO Richard Gnodde revealed in an interview that the bank was looking to take the Apple Card outside the U.S.
Apple announced Apple Card, the company’s new branded credit card issued by Goldman Sachs, during the “It’s Showtime” event on Monday. Apple Card will be released in May, but Apple has a promotional video out now. While we’re working on all those detail, here’s the video:
John Martellaro and Charlotte Henry join host Kelly Guimont to discuss Apple Watch popularity and the future of Apple’s (financial) services.
Andrew Orr and Bryan Chaffin join host Kelly Guimont to consider Deirdre O’Brien’s new overlapping roles and an Apple/Goldman Sachs followup.
Wall Street was surprised when Apple chose to partner with Goldman Sachs. According to a new article by WSJ, other financial institutions like Citigroup and JPMorgan Chase offered their services to Apple as well.
Goldman can’t do it on its own either. It is new to consumer banking, having spent most of its 150-year history catering to big companies and billionaires. Without branches, it needs other ways to find customers for its online savings and lending business. Apple, too, needs new engines of growth as iPhone sales slow.
Bryan Chaffin and Charlotte Henry join host Kelly Guimont to discuss when algorithms fail, as well as the Apple/Goldman Sachs credit card.
Wall Street was unimpresed by Apple’s December Quarter revenue shortfall, and analysts raised concerns about China and pricing.
Apple stock hit bear market territory this morning and Goldman Sachs has again downgraded its asking price.
Terms, benefits, and other pertinent details are still being worked out between Goldman Sachs and Apple.