Advertisement
UK markets close in 8 hours 27 minutes
  • FTSE 100

    7,931.98
    0.00 (0.00%)
     
  • FTSE 250

    19,810.66
    0.00 (0.00%)
     
  • AIM

    742.11
    0.00 (0.00%)
     
  • GBP/EUR

    1.1679
    +0.0010 (+0.09%)
     
  • GBP/USD

    1.2612
    -0.0026 (-0.21%)
     
  • Bitcoin GBP

    55,802.48
    +471.14 (+0.85%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,248.49
    +44.91 (+0.86%)
     
  • DOW

    39,760.08
    +477.75 (+1.22%)
     
  • CRUDE OIL

    81.72
    +0.37 (+0.45%)
     
  • GOLD FUTURES

    2,213.20
    +0.50 (+0.02%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,554.58
    +161.74 (+0.99%)
     
  • DAX

    18,477.09
    +92.74 (+0.50%)
     
  • CAC 40

    8,204.81
    +20.06 (+0.25%)
     

Google Wants to be Your New Bank in 2020

Alphabet-owned GOOGL Google will start offering checking accounts to consumers next year. Under code name “Cache,” the company is partnering with Citigroup C and Palo Alto-based Stanford Federal Credit Union to run the checking accounts; these firms will also all financial and compliance activities.

According to Google exec Caesar Sengupta, who spoke to the Wall Street Journal, the company is considering not charging a service fee, and is thinking about offering perks like a loyalty program as well.

Google’s plans are the latest move from Big Tech to enter the banking space. Apple AAPL just launched a branded credit card for iPhone users with Goldman Sachs GS; Facebook FB is looking at rolling out a payments system across all of its platforms after plans to debut a cryptocurrency failed; and Uber UBER announced a plan to offer financial products and services.

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

ADVERTISEMENT

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Citigroup Inc. (C) : Free Stock Analysis Report
 
Facebook, Inc. (FB) : Free Stock Analysis Report
 
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
 
Apple Inc. (AAPL) : Free Stock Analysis Report
 
The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report
 
Uber Technologies, Inc. (UBER) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research