Goldman’s Apple Card small business has a surprising subprime dilemma

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Goldman’s reduction level on credit card financial loans is the worst amid large U.S. card issuers and “effectively earlier mentioned subprime lenders” at 2.93%, in accordance to a Sept. 6 take note from JPMorgan.
Additional than a quarter of Goldman’s card loans have absent to buyers with FICO scores under 660, in accordance to corporation filings. That could expose the bank to higher losses if the economic system encounters a downturn, as is envisioned by lots of forecasters.
CEO David Solomon will possible confront queries from directors about the client organization at a board assembly later this week, according to people with expertise of the matter.

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Finance

Visa launches new AI tools to manage the charge dispute process

April 1, 2026

Key Points Visa launched six new artificial intelligence tools to help entities involved in the payments process manage charge disputes, the company told CNBC exclusively. Visa said it processed more than 103 million disputes globally in 2025, marking a 35% increase since 2019. It’s the latest example of major financial institutions introducing AI. Source

Finance

Stocks making the biggest moves after hours: Nike, Dave & Buster’s, RH and more

March 31, 2026

Check out the companies making headlines after the bell : Nike — The athletic apparel stock slipped 2% after its North America revenue came in at $5.03 billion, while analysts surveyed by LSEG had expected $5.04 billion. However, Nike posted fiscal third-quarter earnings of 35 cents per share and $11.28 billion in revenue. That exceeded […]

Finance

Warren Buffett says Iran bomb would make nuclear disaster harder to avoid

March 31, 2026

Key Points Berkshire Hathaway chairman Warren Buffett said that the rising number of nuclear-armed states has altered the global risk landscape. “I would say that one way or another… in the next 100 years — maybe it’s 200 years, who knows — something will happen to cause it to be used,” he said. Source