Amazon is considering partnering with Wall Street's top banks in an effort to build a "checking-account-like" product for customers, according to a report.
The initiative is still in early stages, but it wouldn't involve Amazon becoming a bank, sources told WSJ. That's probably because Amazon would apparently work with the big financial firms as opposed to trying to pull an end around on them.
Earlier this year, Amazon and JPMorgan teamed up with Warren Buffett's Berkshire Hathaway to tackle rising healthcare costs for their USA employees. It's possible that the expansion into banking could allow the company to reduce the fees it pays to banks and payment processors.
According to a recent report, the online retailer is looking to expand its services by teaming up with a banking company for a checking account product.
Shubhankar Sharma lifts hopes for Indian golf
But the world's best golfer, Dustin Johnson, still stunned fans - and a fellow Ryder Cupper - with one tee shot in particular. In those 97 starts since his last win, Mickelson has almost as many missed cuts (15) as he does top 10s (19).
Secret Service: Man shoots himself outside White House
The agency also tweeted that pedestrian and vehicular traffic around the White House has been affected by the incident. On Feb. 23, a woman was arrested after crashing her vehicle into a security barrier near the presidential residence.
Google accused of excluding Asians, whites for some positions
Wilberg claims that his performance reviews began to suffer as he refused to follow YouTube's diversity hiring agenda. California labor law prohibits employers from making job decisions based on characteristics like race or gender.
Though Amazon now offers credit cards to customers through Chase, a checking account is a step deeper into the wallets of customers. Meanwhile, Capital One is a longtime customer of Amazon Web Services.
And of course this would nearly invariably be integrated with Amazon Pay which Bezos is already trying to push at brick-and-mortar retailers starting, of course, with Whole Foods, which he now owns.
To reinforce this goal, it seems Amazon may be expanding their reach into the financial sector.
Want more market analysis from this author?