The Wall Street Journal took a look at the relationship that’s evolved between JPMorgan Chase CEO Jamie Dimon and Amazon CEO Jeff Bezos; Amazon might not be a financial services company just yet but the firm is having a profound effect the space; JPMorgan Chase used to be the main driver of the conversation but it has since ceded that mantle to Amazon; the firm has forced banks like Chase to accept their terms on rewards card and has most of Wall Street wondering if they will make the move to become a bank; the article also delves into Bezos trying to hire Dimon, the potential partnership on a checking account and how JPMorgan Chase has changed to be more like Amazon. Source.
