GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Tuesday, November 25, 2014

Mohamed El-Erian -- Will Technology Force Big Banks to Shrink?

Will new technologies force big banks to shrink? YES, unless they adapt. New means to deliver financial services are emerging at the margins, and that peripheral technology is a direct threat to big banks. Allianz’s Chief Economist Adviser, Mohamed El-Erian, talks technology's increasing role in banking. The takeaway? Most Americans will continue to be served by the big four banks — Citigroup, JPMorgan Chase, Bank of America and Wells Fargo — for now.

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