The big investors in JPMorgan decided to let Jamie D keep the posts of Chairman and Thief Executive Officer. I still say that those jobs should be split. Especially in a firm that got a lot of state support.
A lot of people hate their big banks and want to quit them. I got a credit card card at a non-bank financial services firm, and I opened a savings account at a bank here in Texas. They do not offer credit cards. I would like to get another one at different institution.
I don’t know where I will get a checking account. If I went with the Texas bank, I would not be able to use ATMs in other states. They do have a deal with 7-Eleven. But sometimes I wonder if I need to use ATMs. I could get cash back at a grocery store or SprawlMart if I need to.
I might get a credit card through my broker. I could get 2% cash back and put that towards my IRA account. But sometimes I wonder what the point is of credit cards that give cash back. Especially after I had to spend a night in Atlanta due to a missed connection; there was a mechanical failure on the plane in California, so I missed my flight out of Atlanta. Instead of giving away free flights, why can’t the airlines make their service better?