Jamie Dimon: Millennials Ultimately Powerless Against Chase's Charms

Resist if you like, but sooner or later, y'all will come around.
By Steve Jurvetson (Flickr: Jamie Dimon, CEO of JPMorgan Chase) [CC BY 2.0], via Wikimedia Commons

Photo: Steve Jurvetson, via Wikimedia Commons

Papa J knows what the young people are all about: that sweet, sweet direct deposit. Once those paychecks start rolling in you'll be practically begging Chase to hold onto your money for safekeeping.

"They say millennials don't like banks — I say, yeah, until that first paycheck," Dimon said. "Then they direct deposit and they love Chase."

A throwaway line from Jamie Dimon shows why the fintech hype has gone too far [BI]