JPMorgan nears deal to take over Apple’s credit card programme: Report

JPMorgan Chase is in advanced talks to take over Apple’s credit card programme from Goldman Sachs, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Talks between the largest US bank and the tech giant began last year, as Goldman sought to unwind a partnership that had once been a cornerstone of its consumer banking strategy.

JPMorgan and Goldman declined to comment on the WSJ report, while Apple did not immediately respond to a Reuters request for comment.

The deal would further entrench JPMorgan in the credit card…