In this week’s PeerIQ Industry Update they cover the continued slowing of the U.S. economy with payrolls and average hourly earnings both coming in below expectations; there is now signs that the Fed could cut rates 1 or 2 times in 2019; JPMorgan Chase ended their digital only bank Finn, the bank struggled to gain traction and all Finn accounts will be rolled into JPM; Citigroup pulled out of a potential deal with Apple for the launch of the Apple Card and Goldman Sachs CEO David Solomon says the bank doesn’t get credit for Marcus progress. Source.
