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Google Just Gave Banks Some Great News

TheMotleyFool

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One of bank investors' deepest fears is that one of the big tech companies is going to develop banking products of their own. However, Alphabet's (NASDAQ: GOOGL)(NASDAQ: GOOG) Google recently announced that it is abandoning its plans to create its own bank accounts. In this Fool Live video clip, recorded on Oct. 4, Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser discuss the news, and why it could be such a big win for traditional banks.

Source Fool.com

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