Chase Bank owns all others - i'm just trying to make sense of what'll happen next
2007-02-14 01:12:57 · 3 answers · asked by honorablepassion 2 in Business & Finance ➔ Other - Business & Finance
I didn't know that. Well I guess I do learn something new everyday. Thanks for the knowledge!
2007-02-14 01:20:16 · answer #1 · answered by ♥ Lady L ♥ 3 · 1⤊ 0⤋
It is never good to have one of anything. Business needs others for competition. Competition creates better service and product. No Competition means control and dominance.
Some of the very large banks own many others, but there is still many, many banks that are not part of the big corporations. Banks are still competing. Just look at interest rates right now. They are low due to competition.
2007-02-14 09:22:46 · answer #2 · answered by ThePerfectStranger 6 · 0⤊ 1⤋
That would be the day............
2007-02-14 09:18:38 · answer #3 · answered by Aussie_chick 2 · 0⤊ 0⤋