JPMorgan is negotiated to take over Apple's credit card program from Goldman Sachs.
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00:00J.P. Morgan is negotiated to take over Apple's credit card program from Goldman Sachs following
00:07Apple's decision to part ways with Goldman.
00:10Discussions which started earlier this year could take months to finalize, with J.P. Morgan
00:14seeking to acquire the program at less than its $17 billion face value due to associated
00:20risks.
00:21The deal would strengthen J.P. Morgan's ties with Apple, which currently has over 12 million
00:27cardholders.