Goldman Sachs is looking to unload its Apple financial products as part of a wider retreat from its failed consumer banking initiatives.
first reported the Goldman talks with American Express. The newspaper said there's no assurance of a deal, nor is an agreement close.
It would mark an abrupt reversal for the two corporate giants. In October, the Journal reported Goldman and Apple renewed their partnership. And in April, Goldman Chief Financial Officer Denis Coleman touted a deepening of the partnership. "This week, we announced the launch of a savings account for Apple Card users. We are excited to deepen our partnership with Apple through this additional offering and to introduce another source of deposit funding for the firm," Coleman said at the time.card partnership. GM declined to comment to CNBC.
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