Topic: goldman sachs
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Chase to Take Over Apple Card Operations
JPMorgan Chase will replace Goldman Sachs as the issuer of the Apple Card, reflecting Goldman's exit from consumer lending and Apple's services expansion. Apple assures existing cardholders the core experience, including Daily Cash rewards and Mastercard network, will remain unchanged for now, wi...
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Apple Card's Major Overhaul Could Arrive in 2026
Goldman Sachs is seeking to exit its costly Apple Card partnership, having incurred over $1 billion in losses due to the card's generous rewards and lenient fee structure. JPMorgan Chase is the leading candidate to take over, but negotiations are complex due to the portfolio's high subprime custo...
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Goldman Sachs to Buy Industry Ventures in $965M Deal as VC Exits Soar
Goldman Sachs is acquiring Industry Ventures for up to $965 million, signaling a strategic shift in venture capital as firms increasingly turn to secondary markets and buyouts due to difficult IPO conditions. The deal includes $665 million in cash and equity with potential for $300 million more b...
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Ex-PM Rishi Sunak Joins Microsoft and Anthropic as Advisor
Rishi Sunak has accepted senior advisory roles at Microsoft and Anthropic, raising concerns from Parliament's Advisory Committee about potential unfair advantages due to his privileged government knowledge. The committee highlighted risks of these firms gaining undue influence in UK policy, espec...
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