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Nearing deal to replace Goldman Sachs as issuer


JPMorgan Chase, already the largest credit card issuer in the U.S., is nearing a deal to take over the Apple Card portfolio from Goldman Sachs, people familiar with the matter told CNBC.

The banks declined to comment to CNBC. Apple didn’t immediately return request for comment.

The Wall Street Journal first reported the potential deal.

This story is developing. Please check back for updates.


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