1 year ago
Apple Card Has Cost Goldman Sachs Over $1 Billion in Losses
Goldman Sachs has lost $3.03 billion in nearly three years on its group of businesses, called Platform Solutions, that houses Apple Card. Bloomberg reports that the credit card made up a significant portion of those losses. In a regulatory filing disclosed Friday, Goldman Sachs revealed that from the start of 2020 through the end of September 2022, Platform Solutions’ pretax losses amounted to $3.03 billion.
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