Podcast #41 – Some Banks Are Blocking Credit Card Purchases On Bitcoin Exchanges

Earlier this month,  JPMorgan Chase, Bank of America, CitiBank and Capital One started to ban credit card users from purchasing cryptocurrencies on Coinbase, an American Bitcoin exchange.  And recently, Toronto-Dominion Bank from Canada is starting to stop customers to use credit cards to buy cryptocurrency.  These banks are doing it because they fear credit card…

How Do American Banks Compared to Canadian Banks (Part 2)?

In the last post, we have evaluated the financial statements of JPMorgan Chase & Co. and Bank of America. In this post, we would look at Wells Fargo, Citigroup and Goldman Sachs and see if they have durable competitive advantage. Wells Fargo is an American banking and financial services holding company that headquarters in San…