5 ms·

At which point, at what level do you operate your own bank? These are gargantuan holdings.

• eyelidlessness 5y ago
  I mean, they basically do operate their own bank and a significant size lending operation.
  • lotsofpulp 5y ago
    Citizens Bank does the lending for Apple Upgrade Program, and Goldman Sachs does the lending for Apple credit card. Technically, a bank has a lot of rules to follow, and I do not think they want to get into that business (yet).
    • eyelidlessness 5y ago
      I haven’t used Apple Card, but it was apparent when I financed with their previous partner Barclays that they had their own say at least in the application and approval process. It was wildly different from applying for credit in any other scenario I’ve experienced. They’re clearly backed by other credit vendors but that doesn’t mean they’re not operating their own financial institution.
      • deleted 5y ago
        [deleted]