Goldman Sachs is thinking about breaking up with Apple after losing billions on its consumer banking push, reports say

The investment banking giant has made forays into consumer lending in recent years, but some of those have been abandoned. Now Goldman is considering breaking up with Apple too, according to a report by The Wall Street Journal. 

Solomon said last October that the partnership with Apple had been extended until 2029, but those plans may now be shifting.

On Friday the Journal cited unnamed sources who said Goldman has discussed a deal that would move its Apple offerings to American Express.

CNBC later confirmed the discussions, but both CNBC and the Journal said no deal was imminent. Any change would also require Apple’s approval.  

In January Goldman said it’d lost about $3 billion from its consumer banking activities in three years.

Goldman may also be looking to get out of offering a General Motors-branded credit card, the Journal reported.

Goldman Sachs, Apple, and American Express did not immediately respond to requests for comment from Insider, made outside normal working hours.