UPDATE 1-Apple to fund pay-later loans off its own balance sheet (Yahoo! Finance: Company News)

Yahoo! Finance: Company News
UPDATE 1-Apple to fund pay-later loans off its own balance sheet – Apple Inc plans to fund loans for its forthcoming Apple Pay Later service off its corporate balance sheet, the company said on Wednesday. Apple said its treasury department will decide the exact mechanism it will use to fund the loans and funding sources may shift over time. Loans and creditworthiness …

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