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Tag: Apple


Capital and Risk, Credit

Who wants Apple’s credit card? Analysts weigh in.

December 1, 2023

Via: Payments Dive

As tech giant Apple winds down its partnership with investment bank Goldman Sachs, it will need to find a new card issuer to back its credit card. And given the size of the business, there’s a small pool of suitors, […]


Activity, Retail Banking

Apple’s partnership with Goldman Sachs is reportedly nearing its end

November 29, 2023

Via: FinTech Futures

The US tech titan has proposed ending its credit card and savings account partnership with the bank within the next 12 to 15 months, according to sources at the Wall Street Journal and CNBC. The pair first came together back […]


Activity, Retail Banking

Why is Apple taking a bite out of banking?

May 26, 2023

Via: FinTech Futures

I have followed the company’s trajectory from the earliest Mac models, stood at the front of the queue to get the original iPhone, bought (cough) every one of the watches, bought some AirPods, and happily watch its TV and films. […]


Activity, Retail Banking

Apple’s new savings account sees $1bn in deposits within one week of launch

May 5, 2023

Via: FinTech Futures

The Apple Card savings account, launched in April in partnership with Goldman Sachs, offers US consumers a high-yield annual return of 4.15% – a rate it claims is more than 10 times the national average. Users can set up and […]


Capital and Risk, Trading

Warren Buffett’s top stock last year was the bank he’s been bailing on

February 10, 2022

Via: American Banker

Warren Buffett’s best-performing stock last year? One he’s been dumping. Wells Fargo shares delivered a total return of 61% last year, outpacing every other company listed in the most recent public snapshot of Berkshire Hathaway’s portfolio, as of Sept. 30, […]


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Bank groups spell out payments industry concerns

December 8, 2021

Via: Payments Dive

The Consumer Financial Protection Bureau (CFPB) needs to protect consumers from big technology companies eager to make inroads in the payments processing business, according to comments filed this week with the agency by two bank industry trade groups. The American […]


Capital and Risk, Trading

Stocks making the biggest moves in the premarket: Dollar General, Signet Jewelers, Petco & more

March 18, 2021

Via: CNBC

Dollar General (DG) – Dollar General shares tumbled 6.1% in premarket action after the discount retailer missed estimates by 10 cents a share, with quarterly earnings of $2.62 per share. The company exceeded revenue estimates as comparable-store sales increased more […]


Capital and Risk, Macroeconomic

Apple’s COVID-19 warning shows virus is hitting the U.S. economy — and the damage isn’t done

February 19, 2020

Via: Market Watch

The once seemingly distant threat of the coronvirus outbreak in China is starting to spread and the U.S. economy is showing its first symptoms. Apple AAPL, +1.66% warned on Monday that sales in the current quarter could fall short of […]


Activity, Trading

Stocks open lower after Apple says coronavirus outbreak will hurt sales

February 18, 2020

Via: Market Watch

U.S. stocks traded lower Tuesday morning after Apple Inc. said late Monday that the viral outbreak in China would hurt its second-quarter results, reigniting fears that the disease may disrupt manufacturing supply chains and have broad implications for the global […]


Activity, Investment Banking

Warren Buffett increases Apple stake despite selling some stock

November 18, 2019

Via: Market Watch

Warren Buffett’s Berkshire Hathaway Inc.’s may have sold some Apple Inc. shares during the third quarter, but its ownership stake in the technology giant actually increased, as the value of the investment swelled by more than $6 billion. Apple’s stock […]


Uncategorized

Goldman Sachs analysts are underwhelmed by the new Goldman Sachs-Apple credit card

March 26, 2019

Via: CNBC

Goldman Sachs research analysts are less than impressed by the bank’s jointly-created credit card with tech giant Apple. The card, revealed Monday at an elaborate Apple event, is hamstrung by the still-limited reach of Apple Pay, according to analysts led […]


Capital and Risk, Credit, Retail Banking

What consumers need to know about the upcoming credit card from Apple and Goldman Sachs

March 25, 2019

Via: Market Watch

Apple AAPL, -1.60% will unveil new entertainment and news services at a press event Monday, but the company is also expected to share more details on the credit card it’s launching with Goldman Sachs GS, -1.22% The card, which will […]


Retail Banking

Apple and Goldman Sachs to Offer Joint Credit Card – Report

February 21, 2019

Via: TheStreet

Apple Inc. (AAPL – Get Report) has teamed up with Goldman Sachs Group Inc. (GS – Get Report) to offer a new credit card that will help users manage their money, The Wall Street Journal reported Thursday. The card will […]


Activity, Investment Banking

U.S. stocks point to strong start on Boeing, Apple results; Fed policy update looms

January 30, 2019

Via: Market Watch

U.S. stock futures indicated a firmer start for Wall Street Wednesday, with the Dow set to rise on strong Boeing earnings, and as technology shares get a boost from better-than-expected quarterly results from Apple and Advanced Micro Devices. Investors will […]


Activity, Trading

It’s more than just the trade war. Apple’s China business has been under pressure for a while

January 3, 2019

Via: CNBC

Apple CEO Tim Cook partially blamed a slowdown in China when he cut guidance for the smartphone-maker — but the company’s troubles in the world’s second-largest economy began even before trade tensions escalated. China has been Apple’s “headache” for the […]


Retail Banking

Apple and Goldman Sachs to unveil new credit card

May 11, 2018

Via: Banking Technology

The WSJ cited people with knowledge of the process, and says the move comes as Goldman continues to make a push into consumer banking activities such as deposit-taking and personal loans. In a major blow to Barclays, the WSJ says […]


Retail Banking

GAFA in Banking. Will They or Won’t They?

April 23, 2018

Via: Finextra

There has been a lot written over the past few years about the so-called impact that GAFA (Google, Apple, Facebook & Amazon) will have on banking world in the future. These large tech companies are so intertwined with our lives […]


Uncategorized

Goldman Sachs in Talks with Apple to Help Finance Sales for iPhone X

February 7, 2018

Via: Bank Innovation

Wall Street bank Goldman Sachs could potentially finance users who wish to purchase an iPhone X, according to the Wall Street Journal, which reported that the firm is in talks with Apple to offer such financing this morning. Potential iPhone […]


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Apple and IBM Aim to Banish Desktops from Bank Branches

March 15, 2017

Via: Bank Innovation

Mobile apps for bank employees are just as valuable as those for customers. At least that’s the idea behind IBM’s MobileFirst for iOS app suite — apps, designed specifically for bank employees in different sectors, including corporate, private and retail, SME, and […]


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Apple’s iOS 10 Offers Significant New Platforms for Payments

June 14, 2016

Via: Bank Innovation

The payments news from Apple seemed sparse compared to other flashier offerings at today’s Worldwide Developers Conference, but significant new payment platforms within the iOS were quietly announced. Read More on Bank Innovation