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3min chapter
Citizen Working on Becoming the Innovation Sector’s Go-To Bank
Bloomberg Businessweek
Intro
The chapter explores the difficulties encountered by First Republic Bank customers in transferring their accounts to JP Morgan, contrasting JP Morgan's claims of a seamless transition. It also features insights from Brendan Coughlin of Citizens Financial Group regarding the uncertain economic landscape, touching on inflation, consumer confidence, unemployment, and post-COVID spending.
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