Citigroup Pulled out of Apple Card Deal over Concerns about Profitability

Apple has teamed up with Goldman Sachs for the innovative Apple Card in the United States. It was not only Apple’s first credit card but also the first one for Goldman Sachs. As it turns out, Apple was also in talks with Citigroup for the Apple Card but the bank pulled out amidst doubts that it could turn a profit on the partnership.
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