JPMorgan eyes Apple Card takeover from struggling Goldman Sachs 🍎💳; Block's leadership shake-up amid regulatory challenges 😳🏦
FinTech is Eating the World, 17 September
Hey Everyone,
Good morning & happy Wednesday! Today’s issue is especially interesting as we’re going to look into JPMorgan which is now eying Apple Card takeover from struggling Goldman Sachs (why would it make total sense & what’s next + bonus deep dives into Apple Card, Goldman Sachs, Apple + Finance & JPMorgan + AI), and Block that just did a huge leadership shake-up amid regulatory challenges (what happened & what it means + a bonus dive into Block & whether it’s worth your time and money in 2024). So let’s just jump straight into the incredible stuff 🌶️
JPMorgan eyes Apple Card takeover from struggling Goldman Sachs 🍎💳
The BIG news 🗞️ America's largest bank JPMorgan Chase JPM 0.00%↑ is in talks with tech titan Apple AAPL 0.00%↑ to potentially take over the tech giant's credit card program from Goldman Sachs GS 0.00%↑, as per multiple sources.
The discussions, which began earlier this year, have intensified in recent weeks but are still in the early stages with no guarantee of a deal.
Let’s take a quick look at this, see why it matters, and what’s next.