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Amazon Gets Into Banking -- and Other 2018 Predictions From CFRA

  • Online giant might buy small or mid-size bank next year
  • Move could be tactical or ‘broad strategic jump’ into space
Bloomberg business news

How Jeff Bezos Became the King of E-Commerce Inc.’s entry into the financial sector could come sooner rather than later. Bankers beware.

CFRA bank analyst  Ken Leon says that online giant may acquire a small or mid-size bank in 2018 to gain a footing in the industry. That’s just one of his top predictions for the sector next year.