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US set to relax rules for banks – too big to fail problem solved
Jamie Dimon, the CEO of JP Morgan Chase has come out in support of Donald Trump’s move to relax financial regulations, saying that the slew of new rules put in place since the crisis has essentially “solved” the problem of banks being “too big to fail”. In Dimon’s annual letter to shareholders, the chairman and chief [...]
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50% of US population uses mobile banking
Half of the US adult population now uses mobile banking on smartphones and tablets, which is 29 million more than last year. This dramatic shift in consumers’ channel preferences puts pressure on financial institutions to innovate in the space to meet increased demand for mobile functionality. JAVELIN has released, 2016 Mobile Banking Financial Institution Scorecard: Mobile [...]
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