JPMorgan Chase, already the most important bank card issuer within the U.S., is nearing a deal to take over the Apple Card portfolio from Goldman Sachs, folks accustomed to the matter informed CNBC.

The banks declined to remark to CNBC. Apple did not instantly return request for remark.

Negotiations between JPMorgan and Apple have progressed as earlier contenders for the cardboard together with American Categorical, Synchrony and Barclays have fallen to the facet, mentioned the folks, who declined to be recognized talking in regards to the settlement.

The Wall Avenue Journal first reported on the superior talks.

This story is growing. Please verify again for updates.

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