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.
Read more: https://uk.pcmag.com/personal-finance/144920/apple-card-has-cost-goldman-sachs-over-1-billion-in-losses?source=Snapzu