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Goldman in talks to offload Apple credit, savings products to American Express, source says
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Goldman Sachs is in talks to offload its Apple credit card and high-yield savings account products to American Express, a source told CNBC's Leslie Picker.
Goldman Sachs and Apple declined to comment. CNBC has also reached out to American Express.
The talks come amid a broader retreat by Goldman from its largely failed consumer banking initiatives.
The Wall Street Journal first reported the Goldman talks with American Express. The newspaper said there's no assurance of a deal, nor is an agreement close.
–CNBC's Steve Kovach and Hugh Son contributed to this report.
This is breaking news. Check back for updates.
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