JPMoprgan Chase & Co takes a cue Amazon.com for its pricing strategy

Frequent buyers are likely to get more discounts on banking products. Taking a cue from Amazon.com, JPMorgan Chase & Co’s chief executive Jamie Dimon stated he expects the bank to offer more price discounts to its banking customers who buy multiple products, just like the way Amazon.com does. “You are going to see more relationship…

European Commission likely to approve easyJet’s $47 million acquisition of Air Berlin

The potential approval will enable easyJet to pull ahead of its peers, including Lufthansa and Ryanair. On Monday, as per sources familiar with the matter at hand, easyJet, a budget airline from Britain, is set to win an unconditional approval from EU antitrust authorities to buy parts of its German peer, Air Berlin. As a…

Swiss Cryptocurrency Tezos finds itself in legal quagmire

Not only digital currencies are alike. Here is an interesting legal case involving Sweden’s Tezos cryptocurrency project where investors were left with a bad after taste. According to sources familiar with the matter at hand, Arthur and Kathleen Breitman, the couple behind the embattled cryptocurrency Tezos wants the Tezos Foundation, a Swiss-based firm, to cover…

Banks should deepen their commitment to instant payments to avoid alternatives such as Bitcoin: ECB’s Yves Mersch.

Although crypto currencies are yet to go mainstream, the fantastic appreciation of the value of the Bitcoin is pushing many central banks to issue their own digital currency. On Thursday, Yves Mersch, a member of the European Central Bank’s executive board stated, if banks were to speed up the introduction of instant payments it would…