April 7, 2021 Sophia Vida
Hot Stocks

JPMorgan’s Jamie Dimon Says Fintechs Like PayPal are an Enormous Threat to Our Banks

According to JPMorgan Chase CEO and chairman Jamie Dimon, fintech is one of the “enormous competitive threats” to banks. In his annual shareholder letter that was released on Wednesday, Dimon writes, “Banks … are facing extensive competition from Silicon Valley, both in the form of fintechs and Big Tech companies,” like Amazon, Apple, Facebook, Google … Continue reading “JPMorgan’s Jamie Dimon Says Fintechs Like PayPal are an Enormous Threat to Our Banks”