After extensive negotiations, JPMorgan Chase is set to take over the Apple credit card program from Goldman Sachs, which involves approximately $20 billion in balances. Disputes over financial protections and profitability have delayed the agreement, with both banks considering walking away from the deal.
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JPMorgan Chase is reportedly in advanced discussions to take over Apple's credit card program, marking a shift from its current partner, Goldman Sachs. The negotiations have intensified over recent months, with Apple favoring JPMorgan as its new card partner.
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