Both Barclays and Synchrony are in the running to take over the Apple credit card business from Goldman Sachs. There had been earlier reports that JPMorganChase was also looking at it, but given the valuation and the higher-than average losses, they seem to have backed off. If I were to bet on this, I’d put my money on Barclays, who are continuing to pursue marque brands.
| Daina Di Veto Managing Director Daina@cardresourcegroup.com |
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