FILE PICTURE: David M. Solomon, President and Chief Operating Officer of Goldman Sachs, speaks at the Milken Institute, of the 21st Global Conference in Beverly Hills, California, united states, April 30, 2018. REUTERS/Lucy Nicholson
NEW YORK (Reuters) – Goldman Sachs Group Inc’s (GS.(N) formally, a credit card lender, on Tuesday the rollout of its first consumer product from Apple Inc’s (AAPL.Oh, but the bank’s ambitions to grow much bigger in the consumer lending, the company’s chief executive, said in an internal memo seen by Reuters.
As of Tuesday, iPhone users will be able to apply for the Apple Card, which charges no annual fee, Apple’s Wallet app, the two companies said.
It calls on the movement in credit / debit cards as a “major milestone” for the bank, Goldman Sachs’s Chief Executive, David Solomon, wrote in the memo, “Apple’s board is great, but it’s a start.”
Reporting By Elizabeth Dilts; Editing by Chizu Nomiyama