When customers needed to access a branch weekly, the difference between being 5 minutes away and 20 minutes away from them was indeed a big deal. It is becoming less important by the day.
A significant reason Chase can't be regulated effectively is that its size, amplified by Jamie's loud voice, puts it above and beyond the reach of regulators.
We are all aware of the dangers of not protecting our data. Seeing first-hand the actual threats in action brought home the impact of security breaches.
Now is the time for fiscal discipline to maintain credibility in international financial markets. As Europe has shown, by the time a country reaches the crisis situation, fiscal austerity might be the best of many unappealing alternatives.
Incensed shareholders and lawsuits triggered by failed say on pay votes aren't the half of it. Just wait until the expected M&A wave unleashes 'say on golden parachute' litigation.
Any rule that goes beyond the length of the Ten Commandments is unlikely to withstand the test of time or secure the fervent support of the 99 percent.
The regulators' proposal doesn't consider accounting rules for deciding which trades are proprietary and which ones get the exemption for hedging. That leaves plenty of room for regulatory arbitrage by banks.
What would happen if you took the creativity and user-focused design sensibility of Silicon Valley and applied it to one of the least consumer-friendly industries on the planet - financial services?
