Deals
Bank of Amazon? Regulator Floats Idea of Merging Banks and Commerce
- Acting OCC chief Noreika raises the issue in New York speech
- He questions separation’s ‘usefulness for today’s economy’
Photographer: John Taggart/Bloomberg
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Bank of Amazon. Facebook Financial. Wal-Bank.
Amid intense lobbying by financial firms, U.S. policy makers for years have rejected attempts by big companies to muscle in on banking.