- Amazon (AMZN -1%) scrapped its plans for branded checking accounts in the early stages, according to The Information sources.
- The tech giant explored a partnership with banks, but Amazon reportedly told JPMorgan it canceled because it didn't want to become subject to banking regulations.
- Related: Earlier this week, Google confirmed it will soon offer checking accounts to users.
Amazon dropped plan for checking accounts - report
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Amazon.com, Inc. |