Apple Card responsible for more than $1 billion in losses for Goldman Sachs https://news.ycombinator.com/item?id=34384694 https://news.ycombinator.com/item?id=

Apple Card responsible for more than $1 billion in losses for Goldman Sachs https://news.ycombinator.com/item?id=34384694 https://news.ycombinator.com/item?id=34384694 > The main cause of the losses is said to be from loan-loss provisions (when a bank sets aside money as an expense for future loans it expects won’t be repaid).