Amazon (AMZN) Gains As Company Eyes Bank Deals, Checking Accounts

Posted March 06, 2018

Despite the billions of dollars going through Amazon's accounts yearly, one area the retailer hasn't really explored is payment processing. It's important to note that Amazon wouldn't be operating as a bank; it would be working as a partner with existing financial firms.

Amazon has been in talks with JPMorgan Chase JPM and Capital One COF about its proposal to launch a product similar to traditional checking accounts, TheWall Street Journalsaid Monday.

Dana White Confirms Chances Of A Brock Lesnar UFC Return
Paul Heyman tweeted that he and Lesnar "fully intend to honor our contractual obligations" and will appear at the event. He, instead, spent time with Dana White , as evidenced by the picture shared by the UFC president on social media.

The e-commerce behemoth is reportedly chatting with big banks about creating a "checking-account-like product" for its customers. Amazon was not immediately available for comment.

Citing people familiar with the matter, The Wall Street Journal reported today that Amazon is in early talks with major financial institutions and that there's still a possibility that they might fall through.

Google Accused Of Limiting White, Asian Male Hires For Diversity Reasons
According to Google's own statistics , the company's US workforce is 56 percent white, 35 percent Asian and 69 percent male. The lawsuit has been filed in state court in Redwood City, California, and the case is Wilberg v.

A survey conducted by LendEDU found that about 45 percent of Amazon customers would be open to the concept of Amazon acting as their primary banking account, CNBC said. Some consumers may not consider an Amazon checking account to be so different from another service already offered by the retail company - its Amazon-branded credit cards. The WSJ also noted that Amazon is actually quite cozy with both JPMorgan and Capital One. Whether it's logistics, healthcare, or finance, Amazon's answer to inefficiencies in the marketplace is just to do the same thing, but cheaper.

After all, Buffett is a big fan of bank stocks.

Russian Federation vetoes resolution blaming Iran for arming Yemen's Houthis
Saudi Arabia has been leading a mostly Arab military coalition to fight the Iran-backed Houthi rebels in Yemen since March 2015. On Monday, the resolution gained 11 favorable votes at the 15-member Security Council but was halted by Russia's veto.