A new report today from CNBC looks at some of the banks Apple was in talks with for its new Apple Card before it ultimately made a deal with Goldman Sachs. The card will have a strong consumer focus, including how to help users pay down debt faster, and Citigroup allegedly passed on the deal due to its concerns about the product’s profitability.
The post Report: Citigroup pulled out of consumer-friendly Apple Card because of profitability doubts appeared first on 9to5Mac.
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