Will The UPS Union Deal Deliver?
Slate Money
00:00
The Importance of Understanding Competencies
Lawrence Peace: Is everything that Goldman agreed to is antithetical to what you would need to build a successful consumer banking product? He says the clear message from Lawrence Peace is that if you are a credit card company you would never do this deal with Apple. Peace: A typical successful credit card business isn't all that consumer friendly. You get charged a lot of fees for being late, an annual fee and interchange fees which drive up the price of things.
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