Their work progressed, and an Apple investing feature was meant to roll out in 2022.
Source: AppleThe Apple Card launched with much fanfare three years ago, but the business brought regulatory heat and racked up losses as its user base expanded.
Earlier this year, Goldman rolled out a high-interest savings account for Apple Card users, offering a 4.15% annual percentage yield.
Before Goldman's pivot away from retail banking, the company examined ways to expand its partnership with Apple, sources said.
WATCH: Goldman's Apple Card faces mounting credit losses
Persons:
Goldman Sachs, Goldman, Tim Cook, Loren Elliott, That's, David Solomon, Charles Schwab, Morgan Stanley's, It's, Robinhood, Elon Musk's
Organizations:
Apple, Goldman, Reuters Apple, GameStop, AMC, Apple Card, American Express, . Stock, eToro, PayPal
Locations:
Cupertino , California, U.S, Block's