Apple Savings deposits hit $10 billion in just over three months

Apple Savings deposits have hit a landmark $10 billion since inception, fueled by holders sweeping Daily Cash into the high-yield savings accounts.

Mike Wuerthele 1 year ago 12

How the Apple-Goldman Sachs relationship became an unhappy marriage

Apple's relationship with Goldman Sachs led to the creation of the wildly successful Apple Card, but post-launch friction and a change in priorities has crashed the relationship into the rocks.

Malcolm Owen 1 year ago 23

Goldman Sachs expects iPhone 15 to spearhead strong Apple growth

Alongside predicting a healthy but stable Apple quarterly earnings report in August, Goldman Sachs analysts say the iPhone 15 lineup will see greater numbers of users upgrading.

William Gallagher 1 year ago 0

Select Apple Savings customers credited $100 after over-long withdrawal requests

Apple Savings customers that inadvertently triggered fraud protection from large withdrawals had to wait days or weeks for money, and now they are being credited $100 for the inconvenience.

Wesley Hilliard 1 year ago 2

Apple Savings customers hit with long delays when withdrawing money

Some Apple customers are facing multi-week delays when trying to withdraw money from their Apple Savings accounts, largely due to automated anti-money-laundering protections.

Amber Neely 2 years ago 15

Goldman Sachs move casts shadow over Apple Savings accounts

Plans for the Apple Savings program may be jeopardized by troubles with Goldman Sachs' consumer business, as the bank has reportedly dropped its consumer credit card efforts outside of Apple Card.

Andrew Orr 2 years ago 8

Feds looking at Goldman Sachs' Apple Card business unit

The Federal Reserve has opened an investigation into Goldman Sachs to determine if the bank's consumer credit division, which for now includes Apple Card, has enough consumer protections.

Andrew Orr 2 years ago 15

Apple Card is a drag on Goldman Sachs, says CEO

At Davos, Goldman Sachs CEO David Solomon said his bank was too ambitious launching consumer credit, after it posted a big loss in the division mostly due to Apple Card in 2022.

Andrew Orr 2 years ago 14

Goldman Sachs lost $1.2 billion in 2022 mostly because of Apple Card

Goldman Sachs' consumer credit division lost $1.2 billion in nine months last year, and the losses were primarily related to the Apple Card.

Andrew Orr 2 years ago 26

Apple Card Daily Cash can be shunted to high-yield savings soon

Apple has announced that Apple Card users will shortly be able to transfer their Daily Cash balance into a special interest-accumulating Goldman Sachs savings account.

William Gallagher 2 years ago 13

Apple Card issuer Goldman Sachs ranks first in credit card satisfaction survey

Goldman Sachs, Apple's financial partner and issuer of the Apple Card, has ranked first in customer satisfaction in a J.D. Power survey for the second year in a row.

Mike Peterson 2 years ago 13

Apple Card's explosive growth blamed for Goldman Sachs troubles

The rapid expansion of Apple Card reportedly led to a wave of disputed transactions — which Goldman Sachs says were mishandled by outside vendors.

Wesley Hilliard 2 years ago 15

Goldman Sachs credit card practices under investigation by US watchdog

Goldman Sachs, Apple's partner bank for its Apple Card offering, has revealed that it is facing an investigation by a U.S. consumer watchdog

Mike Peterson 2 years ago 20

Goldman Sachs loses executive who secured Apple Card deal

"Deal Guy" Scott Young is leaving Goldman Sachs, having helped win the Apple Card project for the firm, its most successful credit card launch ever.

William Gallagher 3 years ago 4

iPhone 13 supply largely meets demand, MacBook Pro still constrained

Analysis of Apple delivery estimates suggests that iPhone supply has largely met demand, while there are continued constraints for the MacBook Pro, according to Goldman Sachs.

Mike Peterson 3 years ago 4

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