Goldman Sachs Group Inc (NYSE: GS) is reportedly reconsidering its venture into consumer lending, a move initiated by launching a joint savings account with Apple Inc (NASDAQ: AAPL).
The bank is now facing internal dissent and operational challenges, prompting a reevaluation of this strategic direction.
The bank's change of heart stems from the operational and financial challenges encountered since the launch of the Apple credit card and other consumer lending products, The Wall Street Journal reports.
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