Goldman Sachs Desperate to Cut Ties with Apple Card and Consumer Lending

Goldman Sachs is reportedly facing internal pressure to exit the consumer-lending space, with the Apple Card partnership seen as a distraction from its core business. The bank's third-quarter earnings, expected to be significantly down, may lead to the offloading of Apple's financial products onto another bank. While Goldman's stock has declined this year, the high-yield Apple savings accounts remain popular and attract billions in deposits. The partnership between Goldman Sachs and Apple, once praised as innovative, is now under scrutiny, with some questioning whether the foray into consumer banking was a mistake.