Advanced Talks Between JPMorgan and Apple

According to The Wall Street Journal, JPMorgan Chase is in advanced discussions to take over Apple's credit-card program. This move could see JPMorgan replacing Goldman Sachs as Apple's preferred card partner.

Accelerated Negotiations

Recent months have seen a significant acceleration in talks between the two tech and finance giants. Apple has reportedly signaled its preference for JPMorgan to lead its credit-card initiative.

Challenges Ahead

Despite ongoing negotiations since last year, the deal faces potential hurdles. Several challenges related to the Apple program could derail the agreement, leaving the outcome uncertain.