JP Morgan (JPM) is to take over Apple's (AAPL) USD 20bln credit card portfolio from Goldman Sachs (GS), according to Financial Times
JP Morgan's acquisition of Apple's $20 billion credit card portfolio from Goldman Sachs indicates a significant shift in the competitive landscape of consumer finance and fintech partnerships.
Samsung Electronics (005930 KS) prelim. Q4 (KRW) oper. profit 20.0tln (exp. 17.8tln), rev. 93.0tln (exp. 91.0tln)
Newsquawk Daily Asia-Pac Opening News - 8th January 2026
JP Morgan (JPM) is to take over Apple's (AAPL) USD 20bln credit card portfolio from Goldman Sachs (GS), according to Financial Times
US President Trump posts "I have just been informed that Venezuela is going to be purchasing ONLY American Made Products, with the money they receive from our new Oil Deal"
US President Trump signs a Presidential Memorandum directing withdrawal of US from participation in 66 international organisations
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
This move could enhance JPM's position in the credit market while potentially impacting Goldman Sachs' reputation in this space, prompting investors to reassess both banks' growth trajectories and sector strategies. Watch for implications in technology and banking stocks as market players react to this strategic consolidation.
Related headlines
- Newsquawk European Market Wrap - 11th September 20262 days ago
- US EQUITY OPEN: US indices reverse initial CPI losses2 days ago
- US FX WRAP: Dollar sees two-way action, but initially firms on hotter-than-expected core M/M print1 day ago
- Newsquawk US Market Wrap: Markets chop, and yields flatten after hot core CPI boosts Fed rate hike bets1 day ago
- Daily US Equity Opening News: ORCL gains on earnings and FY guidance beat; ADBE weighed by slight Q4 revenue miss; SMR downgraded2 days ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 8 TICKS LOWER AT 106-03+1 day ago
- Trump removes 50% tariff on bulk Canadian whisky and liquers, effective September 15th2 days ago
- US President Trump reiterates USD 5k payment to all US adults will happen 1 day ago
- CRUDE WRAP: WTI (V6) SETTLES USD 2.43 LOWER AT 100.05/BBL; BRENT (X6) SETTLES USD 3.02 LOWER AT 104.61/BBL1 day ago
- Saudi Crown Prince MBS has personally urged President Trump to launch military strikes against Houthi forces in Yemen amid their rapid advance along the Red Sea coast, reports to CBS citing sources2 days ago
- US President Trump reiterates that Iran will never possess a nuclear weapon2 days ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan1 day ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan2 days ago
- Russian senior diplomat Ushakov says President Putin and Indian PM Modi discussed Ukraine during talks in New Delhi2 days ago
- Saudi Arabia has signaled a potential willingness to launch a major unilateral military operation against the Houthis, though Riyadh has not yet reached a final decision, according to ABC1 day ago
- A high-ranking Iranian security and political source told Al Mayadeen that contrary to claims and intimidation tactics, US President Trump is seeking to return to negotiations with Iran2 days ago
- Germany is developing a pharmaceutical pricing proposal for the Trump administration in an effort to avert potential US tariffs on German goods, reports Politico citing sources2 days ago
- Fed court reportedly blocks Trump order to keep Michigan coal plant open2 days ago
- Paypal's (PYPL) new chief executive, Enrique Lores, is mapping out his plans for going it alone rather than selling the company for more than USD 50bln, reports WSJ2 days ago
- Google (GOOGL) just completed its USD 1.5bln-plus deal for AI startup Mechanize, reports Business Insider1 day ago
The whole workspace, free to try.
Try it free