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Bank of Amazon?


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Amazon might be building out a “checking-account-like” product, partnering with big banks like JPMorgan
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He also might be paying to build out an Amazon “checking-account-like” product, partnering with big banks like JPMorgan. 

The details of the venture are still hazy, but it’s clear Amazon wants to reduce big bank transaction processing fees. It might have even considered its own bank—38% of surveyed customers would trust a Bank of Amazon—if regulation and capital requirement rules weren’t so stiff.

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