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Apple using its cash surplus to slowly become a bank.
by imtig3rman 4y ago
Apple using its cash surplus to slowly become a bank.
- comte7092 4y agoThey’re partnering with Goldman Sachs, as they have in the past. Goldman is providing the actual banking services.
- zyang 4y ago"The fruit bank will have its due".
- scottyah 4y agoThis is Warren Buffet's forte, allocating massive amounts of capital. Since Apple is his first/only tech company, I wonder if he's playing a part in this.
- shagie 4y agoThis is a traditional path for many large companies. https://en.wikipedia.org/wiki/Ford_Motor_Credit_Company https://en.wikipedia.org/wiki/Ford_Motor_Credit_Company https://en.wikipedia.org/wiki/Discover_Card https://en.wikipedia.org/wiki/Discover_Card