JPMorgan is in talks with Apple to replace Goldman Sachs as its credit card partner after Goldman’s costly and risky foray into consumer banking. Goldman, which partnered with Apple on its credit card since 2019, is now refocusing on investment banking and trading after suffering significant losses in its consumer ventures. The Apple-Goldman partnership offered perks like no fees and cashback, but required higher provisions for bad loans. The deal with JPMorgan is still in early stages and may take months to finalize.