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Goldman Sachs wants out from Apple Card partnership (appleinsider.com)

submitted 1 year ago by SemioticStandard@beehaw.org to c/finance@beehaw.org

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tldr: Apple prohibits bullshit fees on their Apple Card that predatory lenders like Goldman rely on. Goldman isn’t able profit because they can’t fuck over customers, therefore they want out of the deal they have with Apple as the servicer of the Apple Card.

Boo fucking hoo, Goldman. Eat shit.

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[–] shanghaibebop@beehaw.org 1 points 1 year ago

They went on a user acquisition spree via Marcus as well. Looks like it wasn’t as juicy as they expected.