MacVoices #23205: MacVoices Live! - Apple, Goldman Sachs, $1 Billion (3)

<p>In the final part of this MacVoices Live! session, the panel of <strong>Chuck Joiner</strong>, <strong>David Ginsburg</strong>, <strong>Ben Roethig</strong>, <strong>Jeff Gamet</strong> and <strong>Web Bixby</strong><strong> </strong>discuss Goldman Sachs’ reported $1 billion loss on Apple Card. We speculate on other factors like changing interest rates and their foray into the consumer loan business as possible explanations. Just for fun, we consider the idea of Apple potentially acquiring Goldman Sachs to expand into consumer finance. Regulatory challenges and the complexity of multinational operations are covered, as well as the role of existing banks in Apple's international expansion plans for the Apple Card. (Part 3) </p> <p>This edition of MacVoices is brought to you by the <strong>MacVoices Dispatch</strong>, our weekly newsletter that keeps you up-to-date on any and all MacVoices-related information. <a href="http://macvoices.com/newsletter/">Subscribe</a> today and don't miss a thing. <img height="72" style="display: block; margin-left: auto; margin-right: auto;" border="0" src="http://www.macvoices.com/wp-content/uploads/MacVoices-Dispatch-header-for-newsletter-300.png" alt="MacVoices Dispatch" width="195" title="MacVoices Dispatch header for newsletter 300.png" class="alignnone" /></p> <!--more--> <br /> <h3>Show Notes:</h3> <p><strong>Chapters:</strong></p> <p>0:00:00 Goldman Sachs Loses $1 Billion on Apple Card<br />0:01:20 Transition: Becoming more active on the platform<br />0:02:09 Swinging Deals and Making Deals Work for You<br />0:03:40 MX and Amex: Changing Credit Card Dynamics<br />0:05:34 Apple Card and Goldman Sachs: Unique Partnership<br />0:11:11 Regulatory Compliance and Apple's Potential Acquisition of Goldman Sachs<br />0:13:17 Apple's Potential Partnership with Amex or Citibank<br />0:18:45 Different Cards Have Different Starting Numbers<br />0:19:09 Transitioning from MasterCard to Goldman Sachs Apple cards<br />0:20:24 The Failure of the Metaverse<br />0:22:01 Vision Pro: A Desig