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Event Brief

JPMorgan to Take Over Apple’s $20bn Credit Card Portfolio

JPMorgan acquires Apple’s credit card portfolio from Goldman Sachs, ending Goldman’s retail banking venture.
WHO: JPMorgan, Goldman Sachs, Apple
WHAT: Acquisition of credit card portfolio
WHEN: Jan 7, 2026 at 7:00 PM ET
WHERE: United States
WHY: To extricate Goldman Sachs from retail banking

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