JP Morgan Chase & Co., the largest bank in America and one of the world’s major provider of financial services, recently issued its 2014 annual report , in which the firm’s chairman and CEO Jamie Dimon suggests that new competitors are "looking to compete with banks," and that his firm is "keeping an eye on [these emerging players]," most particularly on Silicon Valley’s startups.
"Silicon Valley is coming," warns Dimon. "There are hundreds of startups […]
