JPMorgan Chase has initiated preliminary discussions with Apple to take over the credit card program of the iPhone manufacturer, which is currently managed by Goldman Sachs. This was reported by people familiar with the matter. The negotiations are in an early stage, and it is uncertain whether an agreement will be reached.

Goldman Sachs and Apple launched their partnership for the Apple Card in 2019, which now has a credit volume of approximately 17 billion US dollars. Both companies declined to comment on the reports.

Apple had proposed ending its collaboration with Goldman Sachs in the field of credit cards and savings accounts last year, as Goldman scaled back its ambitions in the retail banking sector after several losses. JPMorgan sees a potential takeover of the credit card program as an opportunity to integrate and further expand Apple's financial services.

Jamie Dimon, CEO of JPMorgan, has repeatedly referred to Apple and other technology companies as emerging competitors in the financial services sector. "Apple moves money, holds money, and lends money. They are becoming a bank," Dimon said at an investor event earlier this year. JPMorgan is the largest US bank with deposits of over 2 trillion US dollars.

Certainly! Here’s the translation:

"Goldman Sachs had considered the Apple credit card program to be an important milestone for entering the retail banking sector, but these efforts resulted in billions in losses for the Wall Street giant. In addition to the credit card, Goldman also supports Apple's savings account, which was introduced last year.