Weekly Wrap: Big banks address Libra as challengers seek to lure customers

Jamie Dimon downplays Libra

Welcome to the first episode of our new weekly wrap video series, for the week ending July 19, 2019. In this episode, Suman Bhattacharyya, deputy editor of Bank Innovation, discusses the following news developments:

  • How bank executives, including JPMorgan Chase and Citibank, are beginning to address Facebook’s planned digital currency Libra in their earnings calls
  • How challenger banks like Germany’s N26 and Varo are setting their sights on traditional U.S. banking consumers and raising more capital from eager investors

View the full video here: