cedarfox@lemmy.finance to Banking@lemmy.finance · 1 year agoApple Card contributes to another $667 million loss for Goldman Sachs: ‘We did not execute well’9to5mac.comexternal-linkmessage-square8fedilinkarrow-up125cross-posted to: apple_enthusiast@lemmy.worldpersonalfinance@lemmy.financecreditcards@lemmy.financeapple@kbin.socialapplecard@lemmy.finance
arrow-up125external-linkApple Card contributes to another $667 million loss for Goldman Sachs: ‘We did not execute well’9to5mac.comcedarfox@lemmy.finance to Banking@lemmy.finance · 1 year agomessage-square8fedilinkcross-posted to: apple_enthusiast@lemmy.worldpersonalfinance@lemmy.financecreditcards@lemmy.financeapple@kbin.socialapplecard@lemmy.finance
minus-squarePizzasDontWearCapes@sh.itjust.workslinkfedilinkarrow-up8·1 year agoIf these losses are actually due to the Apple Card, then these cardholders are also consistently not paying their credit card bills
minus-squarebestnerd@lemmy.worldlinkfedilinkarrow-up5·1 year agoI have a feeling Goldman isn’t the only one feeling the hurt. Really has no issue on who issues or what the card is but can the people has a whole pay any. And as we are seeing the answer is no. High rates on goods means debt is the last to be paid.
If these losses are actually due to the Apple Card, then these cardholders are also consistently not paying their credit card bills
I have a feeling Goldman isn’t the only one feeling the hurt. Really has no issue on who issues or what the card is but can the people has a whole pay any. And as we are seeing the answer is no. High rates on goods means debt is the last to be paid.