-
"Goldman Sachs, bank of the rich and powerful, is dipping into subprime lending with Apple Card" ["Apple's desire to reach as many of its customers as possible with a credit product isn't new. When Apple held discussions with Capital One about creating a joint card in the late 1990s, Apple co-founder Steve Jobs 'had an aversion' to rejecting any of his customers for the card, according to a former executive of the bank. They tested a card, but didn't roll it out broadly, this person said."] CNBC 8:04 AM
|