Goldman Sachs seeks to end partnership with Apple, in talks to transfer initiatives to American Express

Goldman Sachs has lost over $1 billion on its deal with Apple and is looking to exit the partnership.
The bank is discussing transferring its Apple Card and other programs to American Express.
Talks have been ongoing but a deal is not guaranteed and needs Apple's approval.
Goldman Sachs' move is part of its retreat from consumer banking after facing criticism and financial losses.
Apple is exploring handling more financial services internally to rely less on partners like Goldman Sachs.