JPMorgan Chase is in advanced talks to take over Apple's credit card program from Goldman Sachs , the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

JPMorgan Chase is talking to Apple about taking over the tech giant’s credit card program, according to an exclusive report in The Wall Street Journal. A deal of this size wouldn’t just impact the two companies at the heart of the agreement, it could leave JPMorgan Chase’s competitors at a disadvantage.

A deal for JPMorgan to take over the Apple Card and its huge book of loans would further burnish the bank's reputation as a leader in American finance.