10:02 AM EST, 01/16/2025 (MT Newswires) -- (Updates with Barclays' ( JJCTF ) response in the sixth paragraph.)

Apple ( AAPL ) is in discussions with Barclays ( JJCTF ) to replace Goldman Sachs ( GS ) as its credit card partner, Reuters reported Thursday, citing two sources familiar with the matter.

Goldman Sachs ( GS ) has a deal with Apple ( AAPL ) until 2030 but the bank is scaling back its consumer finance business after facing losses and Goldman CEO David Solomon has previously indicated the partnership with Apple ( AAPL ) could end earlier.

Barclays ( JJCTF ) has been in negotiations with Apple ( AAPL ) for months, but has yet to reach an agreement, the report said.

Synchrony Financial ( SYF ) is also in talks with Apple ( AAPL ) about the card partnership, the report said.

Reuters previously reported that JPMorgan Chase (JPM) has also been in talks with Apple ( AAPL ) about the business since last year.

Barclays ( JJCTF ) declined MT Newswires' request for comment, while Apple ( AAPL ), Goldman, JPMorgan, and Synchrony Financial ( SYF ) did not respond.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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