On July 1, Patently Apple posted a report titled "Goldman Sachs in Reportedly in early Talks to Offload Apple Card and Savings Products to American Express." The rumor is back in the news  today.

A report posted by The Wall Street Journal on October 16 was titled "Goldman Sachs Wants Out of Consumer Lending. Employees Say It Can’t Happen Fast Enough." The report noted that Goldman is looking to get out of the consumer lending business, which could have implications for Apple Card and the associated savings account. At the time no decision was finalized.

Late Today, The Wall Street Journal has posted its latest report on this rumor titled "Apple Pulls Plug on Goldman Credit-Card Partnership."

Reuters covering the report by the WSJ notes that "Apple is pulling the plug on its credit-card partnership with Goldman Sachs Group.

The tech giant recently sent a proposal to the Wall Street bank to exit the contract in the next roughly 12 to 15 months, the report said, citing people briefed on the matter.

Apple and Goldman had started to roll out a virtual credit card in 2019.

Apple has yet to formally respond to a Reuters request for comment, while Goldman declined to comment.