US Bancorp Gets Better

There’s also less exposure to the mortgage market which is still on some very shaky ground. U.S. Bancorp controlled around 2.8% of the mortgage in first quarter 2017, compared to the 16.3% that Wells Fargo owned, Forbes Great Speculations pointed out.

The volume of mortgage originations is falling dramatically dropping from $561 billion in 3rd Quarter 2016 to $361 billion in Quarter One 2017. That’s a decline of more than $35% or $200 billion in just six months.

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Why is Jamie Dimon so afraid of Bitcoin?

“God bless the blockchain,” Dimon said. “Cryptocurrencies, digital currencies, I think are also fine.”

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Chase Proves Banking is Back!!

Chase Pay will be integrated with both PayPal’s digital wallet and the Braintree merchant platform, TechCrunch reported. That means Chase Pay users might be able to use the app to pay at merchants will Braintree accounts.

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Chase buys CurrentC

Chase apparently plans to fold Current C into its digital wallet Chase Pay, Business Insider reported. Chase Pay is accepted only at Starbucks and Best Buy right now, but Walmart has plans to start taking it sometime this year. That will give Chase an advantage over Apple Pay and Android Pay, which Walmart refuses to take.

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Bank of America and the Uncertain Future of Consumer Banking

The uncertain future of Bank of America (NYSE: BAC) is threatened by the changing nature of consumer banking. The biggest

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Can the Monster Banks Survive the Age of Trump?

A major problem is that revenues at JPMorgan and Bank of America are well below their historic highs. JPMorgan reported revenues of $99.13 billion back in June 2013; Citi reported revenues of $77.40 billion as recently as September 2014, and BOA’s revenues hit a high of $97.59 billion in June 2012.

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Weird Investments that Might Pay Off

All of these investments are real risky and you’ll probably lose money but you never know. As Benjamin Graham liked to point out Mr. Market is completely insane and he often rewards off the wall investors while punishing conventional thinkers severely.

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JPMorgan Chase Growing with FinTech

Major retailers prefer Chase Pay because the technology it uses to connect with cash registers QR (quick read) scanning maybe more secure than Apple Pay’s NFC (near-field communications). Chase Pay also limits retailers’ liability because the transaction takes place in Chase’s system rather than the retailer’s. Apple Pay directly accesses the store’s systems, which is one reason why companies like Walmart are so leery of it.

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Walmart to Accept Chase Pay

Starting in 2017 customers will be able to use Chase Pay at more than 5,000 Walmart and Sam’s Club Stores in the United States, a Chase press release indicates. Chase users that do not want to wait until then can use Chase Pay through Walmart’s, Walmart Pay app right now.

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Triumph Bank Bancorp do Regional Banks Make Money?

This is the big dilemma that brick and mortar institutions whether they be giant monster banks or small local operations face. There are generations of people out there that almost never use brick and mortar banks; including Generation Xers (like me) and Millennials.

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