Goliath has a voracious appetite:
Banks have been warily watching Amazon.com Inc. for signs it would threaten their world. The tech giant's latest move looks more like an opportunity.
Amazon should enter the Canadian banking market and offer zero-fee chequing accounts. The Big 5 Banks in Canada could use a little competition.
Amazon is in talks with JPMorgan Chase & Co. and Capital One Financial Corp. about the product, the Wall Street Journal reported Monday. The target is younger consumers and people without checking accounts, the newspaper said, citing people familiar with the matter. The strategy could help Amazon lower fees it pays to financial firms and give it a bigger window into customers' income and spending habits.