GBA 220W Lecture Notes - Lecture 9: Jpmorgan Chase, U.S. Route 3, Bitcoin
7 May 2020
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3primary activities of a typical mash street bank. D interest rate goesup borrowmoney with low rate lendcmakelooms out with higherrates interest rates 9 profitt tax reform. 3 main divisions in the m t holding company. D commercial bank clargest consumer bank wealth and institutional business csmallest banks midsized corporations c 15m xb in revenue banks individuals wealthmange service. 917billion vast majority ofbanks in the us have less than. What are the implications on scale and ability to invest. 50 of new account openings c 60 are digitalwithrapidgrowthtrend. Top5 banks have 42 of depositshare c 15 in 1992. Detachment fromthe branch and digital preference drives immense scale opportunities for largeplayers local presence is an advantage but it is shrinking. Suntrust i bb t mergerto achieve tech scale. Zeke a messaging networkopento banks to facilitate peer to peerpayments typically embedded in bank brandedmobile and webchannels. Zeke hasinstant scale dueto large bank ownership and adoption reaching over so of bankaccounts in us.
