Bankhaus Goldman Sachs Reports Half A Billion Losses In According to the report, the general motors card business will be sold to barclays, with around $2 billion in card balances. in total, goldman sachs has lost over $6 billion pre tax since the. The losses stem from the vast investment that goldman sachs has funneled into apple card, estimated to be somewhere between $1 3 billion, 9to5mac reports. the bank had hoped for platform.
Apple Card Has Caused Losses Of Over 1 Billion For Goldman Sachs New york, dec 18 (reuters) four years after goldman sachs (gs.n) introduced a credit card with apple (aapl.o), the wall street giant faces a costly exit from a partnership that is seen by other. Chance miller | feb 16 2023 7:37 am pt. 32 comments. in january, a report indicated that goldman sachs had lost over $1 billion through its partnership with apple for the apple card. despite. The potential writedown on the apple card would be the latest in a string of losses from goldman's ill fated foray into consumer banking, analysts said. goldman does not break out the financial. Report: apple and goldman sachs are breaking up over money losing apple card goldman sachs has lost billions of dollars on its consumer focused businesses. andrew cunningham nov 29, 2023 4:40 pm utc.
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