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.
Full interview with El-Erian on the threats big banks face
TheStreet at the CME Group Global Financial Leadership Conference
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