Apple is in talks with Barclays to replace Goldman Sachs as the tech giant's credit card partner, said two sources familiar with the matter, as the Wall Street giant steps back from its consumer finance ambitions.

Apple (AAPL) is in discussions with the U.K.-based Barclays (NYSE:BCS) and the consumer finance firm Synchrony Financial (NYSE:SYF) to replace Goldman Sachs (GS) as the technology giant's credit card partner,

Just a day after the Goldman Sachs CEO said that his company's deal to service Apple Card customers may end early, two banks are said to be in active discussions to take over.

In 2024, Goldman transferred its General Motors credit card business to Barclays that allows customers to earn and redeem reward points on new Buicks, Cadillacs and other GM cars, including electric vehicles. The deal enabled Barclays to expand its card footprint in the U.S.

By Nupur Anand NEW YORK -Apple is in talks with Barclays to replace Goldman Sachs as the tech giant's credit card partner, said two sources familiar with the matter, as the Wall Street giant steps

Goldman Sachs CEO David Solomon confirmed that his company’s relationship with Apple could end sooner rather than