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June 1, 2015 06:00 am GMT
In this year’s annual letter to shareholders, JP Morgan’s CEO Jamie Dimon warned that “Silicon Valley is coming.” From investing to payments and lending, the rise of fintech has left many of the big banks and brokerages worried. In a March research report, Goldman Sachs estimated that 7 percent of annual bank profits ($11 billion-plus) may be at risk to non-banking… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/DdoG_OJfJTo/
Will Silicon Valley Or Hollywood Solve Wall Streets Churn Problem?
In this year’s annual letter to shareholders, JP Morgan’s CEO Jamie Dimon warned that “Silicon Valley is coming.” From investing to payments and lending, the rise of fintech has left many of the big banks and brokerages worried. In a March research report, Goldman Sachs estimated that 7 percent of annual bank profits ($11 billion-plus) may be at risk to non-banking… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/DdoG_OJfJTo/
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