Goldman in talks to offload Apple credit card, savings products to American Express, source says

Goldman Sachs is successful talks to offload its Apple recognition paper and high-yield savings relationship products to American Express, a root told CNBC's Leslie Picker.

Goldman Sachs and Apple declined to comment. CNBC has besides reached retired to American Express.

The talks travel amid a broader retreat by Goldman from its mostly failed user banking initiatives, for which CEO David Solomon has taken a large woody of heat. Last week, CNBC reported that the Wall Street elephantine is preparing to instrumentality a immense writedown connected its 2021 acquisition of fintech lender GreenSky.

The Wall Street Journal archetypal reported the Goldman talks with American Express. The paper said there's nary assurance of a deal, nor is an statement close.

The Journal besides reported that Goldman is talking astir unloading its General Motors paper partnership. CNBC has besides reached retired to GM for comment.

–CNBC's Steve Kovach and Hugh Son contributed to this report.