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JPMorgan Chase, already the largest credit card issuer in the U.S., is nearing a deal to take over the Apple Card portfolio ...

Apple and JPMorgan Chase are close to a deal for the banking giant to take over as the backer of Apple's credit card program, according to a Wall Street Journal report on Tuesday.

JPMorgan Chase is in advanced discussions with Apple to take over the tech company’s credit card program, The Wall Street Journal reported Tuesday.