JPMorgan Chase is close to acquiring Apple Card's portfolio from Goldman Sachs, sources told CNBC. This deal would solidify JPMorgan's position as the largest credit card issuer in the U.S., adding to its existing branded and co-branded cards. For Goldman Sachs, this move helps them address challenges related to the Apple Card's high growth and accounting complexities. Apple seeks stability after facing regulatory scrutiny regarding Goldman's handling of billing and refunds. JPMorgan's potential acquisition is expected to bring greater financial discipline to the Apple Card operations.

Prepared by Christopher Adams and reviewed by editorial team.