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JPMorgan reaches deal to become Apple credit card issuer, source says
JPMorgan Chase has reached a deal to become the new Apple credit card issuer, taking over from Goldman Sachs, according to a person familiar with the matter.
The deal, nearing finalization after roughly a year of negotiations, means JPMorgan will offload about $20 billion of card balances at a more than $1 billion discount, according to the person familiar.
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