Goldman Sachs regrets Apple Card, and is trying to escape the deal

Apple Card and Apple Savings are performing so poorly for Goldman Sachs, one executive has reportedly said that “we should never have done this f****** thing.”

Goldman Sachs invested heavily in its consumer lending projects, most notably on the Apple Card but also in others such as a General Motors credit card. From the start, the company faced problems such as accusations of gender bias in its credit limit calculations — which it has since been cleared of.

Read more…