Bank of America vs. JP Morgan Chase?
Yesterday, Eric Dash of the New York Times reported on an interview he had with Bank of America chairman and CEO Ken Lewis who spoke about the success of the integration of MBNA into BofA, plans to launch new affinity bank products (physicians as the first group likely to be targeted), and who might be a bigger competitor in the future. Lewis mentioned Wachovia on the east coast, Wells Fargo on the west coast, Citibank - who he says is a small player in terms of retail distribution - and that leaves JP Morgan Chase.
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