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by lotsofpulp 976 days ago
Legally, GS became a regular bank all the way back in 2008.

https://www.goldmansachs.com/our-firm/history/moments/2008-b...

There is no purpose to GS buying a tiny bank, they already have all the licenses and regulatory requirements and liability exposure. And they opened to retail customers 7 years ago:

https://www.goldmansachs.com/media-relations/press-releases/...

What motivation would Apple have to buying a bank and exposing itself to all that extra regulation and liability? Apple will just move on to the next best offer they get from a bank for a cobranded credit card, like any other retailer.