Saad with Taleb
Problematic Oldman

A to Z

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.

More:

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.

That's quite the achievement for a firm that started off as an online bookstore.

Comments

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)