Apple Card Has Cost Goldman Sachs Over $1 Billion in Losses
The losses stem from the vast investment that Goldman Sachs has funneled into Apple Card, reported to be somewhere between $1 -3 billion.
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The losses stem from the vast investment that Goldman Sachs has funneled into Apple Card, reported to be somewhere between $1 -3 billion.
When the latest quarter's figures get added to it next week, that cumulative loss at the Platform Solutions unit — which includes Goldman's consumer lending operations — will approach $4 billion over three years and $2 billion for 2022, people with knowledge of the matter said.
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