Amazon is reportedly in talks with several large banks to launch a "checking account-like product," The Wall Street Journal reported Monday morning.
The report helps answer one of the most often-asked questions on Wall Street: When's Amazon going to show up? It also sheds light on how Amazon might get in to the business of banking.
JPMorgan Chase, one of the banks Amazon is reportedly in talks with, has clearly been thinking about the Amazon effect for some time.
Speaking at JPMorgan's...
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