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Thread: Amex to takeover Apple credit card from Goldman?
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Old Jul 6, 2023 | 6:08 pm
  #24  
eponymous_coward
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The reason why the Apple Card is taking a bath is GS sucks at risk management (their defaults are staggeringly high). AMEX won’t be making rookie mistakes with a portfolio, they’ve been doing this for many years.

https://www.cnbc.com/2022/09/12/gold...e-problem.html
Last edited by eponymous_coward; Jul 7, 2023 at 1:50 pm
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