Goldman Sachs is negotiating to sell its apple Credit Card and High Yield Savings Account Products American ExpressA source told CNBC’s Leslie Peake.
Goldman Sachs and Apple declined to comment. CNBC also reached out to American Express.
The talks come as Goldman pulls back from its largely failed consumer banking plans. Last week, CNBC reported that the Wall Street giant was preparing for a huge writedown on its 2021 acquisition of fintech lending firm GreenSky.
wall street journal First reported on the talks between Goldman Sachs and American Express. The newspaper said there was no guarantee a deal would be reached and no deal had been reached.
The Wall Street Journal also reported that Goldman Sachs is in discussions to sell its General Motors Card partnership. CNBC also reached out to GM for comment.
– CNBC’s Steve Kovach and Hugh Son contributed to this report.
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