Goldman Sachs Group Inc. is selling a significant risk transfer tied to a portfolio of about $3 billion of leveraged loans, according to people with knowledge of the matter.

Apple Card is a popular hit with everyone except Apple's partner Goldman Sachs, with it likely to lose millions as it tries to pull out.

Apple Cards losses have exceeded $6 billion, leaving Goldman Sachs searching for a way out of the partnership. The banks consumer division continues to suffer financially, with no clear path to recovery in sight.

Goldman Sachs is still looking to exit its partnership with Apple as losses continue to mount. As detailed in a new report from The Wall Street Journal, Goldman Sachs will take a $400 million hit this quarter due to its floundering consumer business.