Who listens to Jamie Dimon

CEO of JP Morgan, who famously said “JPMorgan Chase should absolutely be ‘scared s—less’ about fintech threat”? Apparently Virgin Money, who have been rapidly partnering with Fintechs. About a one minute read.

Comment: Jamie said it. I believe it. That settles it. Oh, many banks are reacting to the threat, and engaging in partnerships, like Virgin Money. Which often lead to acquisition. Watch this space.