The Consumer Financial Protection Bureau (CFPB) reportedly is set to order Goldman Sachs to pay more than $50 million in penalties related to its handling of fraud and refunds in its credit card business. The regulator is expected to announce its enforcement action as soon...
As is always the case when Wall Street heavy hitters weigh in with earnings, the markets and financial trade publications parse the data and management commentary for insight on investment banking. For Goldman Sachs, the latest earnings report on Tuesday (Oct. 15) offered variations on...
A friend was preparing for a once-in-a-lifetime yoga retreat to a fancy resort in Malaysia. The trip was a long one with stopovers in Qatar and two days in Kuala Lumpur. The tour guide suggested that she put her debit and credit cards from her...
Apple has unveiled an application programming interface (API) enabling users to see their balances on their Apple finance products. Called FinanceKit, the API allows developers to fetch transactions and balance information from Apple Card, Apple Cash and Savings with Apple, TechCrunch reported Wednesday (March 6). Apple is...
August 16, 2023
Retail subscription commerce has become increasingly popular, with more consumers asking for easier ways to seek out new content and services in a curated environment. And there’s data to back it up. The average consumer spent $273 monthly on subscriptions in 2021, up from $237 in 2018 — a 15% increase, according to the “Subscription Commerce […]
April 18, 2023
For Apple, crafting a financial services ecosystem — spanning payments, credit and deposits — needs banks and FinTechs in the mix. And it is savings that can tie the far-flung...
April 17, 2023
The Apple/Goldman Sachs joint efforts to make inroads into consumer banking continue. And for Apple, the debut of a Goldman Sachs savings account — geared to Apple Card holders —...
July 15, 2020
Apple Card — the iPhone-based credit product launched last summer by Goldman Sachs, Apple and Mastercard — is expected to be a hot topic on Goldman’s earnings call Wednesday (July...
October 22, 2024
The Consumer Financial Protection Bureau (CFPB) reportedly is set to order Goldman Sachs to pay more than $50 million in penalties related to its handling of fraud and refunds in its credit card business. The regulator is expected to announce its enforcement action as soon as this week, The Wall Street Journal (WSJ) reported Tuesday […]
March 06, 2024
Apple has unveiled an application programming interface (API) enabling users to see their balances on their Apple finance products. Called FinanceKit, the API allows developers to fetch transactions and balance...
December 18, 2023
Goldman Sachs is reportedly facing an uphill climb in exiting its Apple Card partnership. The Wall Street giant is expected to face pressure from possible issuers to lower the value of its stake to make...
December 03, 2023
Apple is reportedly on the verge of ending its card relationship with Goldman Sachs. Is Chase the natural successor to take over? A report Sunday (Dec. 3) by Bloomberg News...
