AI Intelligence Daily
Thursday, January 8, 2026
JPMorgan Seizes Apple's $20bn Credit Card Empire
JPMorgan is taking over Apple's $20 billion credit card portfolio from Goldman Sachs, marking a significant shift in the tech giant's financial partnerships. This move is expected to expand JPMorgan's consumer banking reach and deepen its ties with Apple.
**This strategic acquisition bolsters JPMorgan's position in the digital payments landscape, posing a threat to rival banks and fintech companies.**
Quick Summary
- •JPMorgan Seizes Apple's $20bn Credit Card Empire
- •**This strategic acquisition bolsters JPMorgan's position in the digital payments landscape, posing a threat to rival banks and fintech companies.**
- •Key players: Goldman Sachs
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