First Goldman Sachs wanted to be the Google of Wall Street. Now it's exploring a service that's more like Netflix.
hints at a world in which investors pay monthly subscription fees to Wall Street banks. As Dakin reports:
Subscriptions offer the promise of a new revenue model for Wall Street trading operations hobbled by new rules, dampened volatility, and a challenged customer base. It means taking a page from Silicon Valley, where tech behemoths make piles of money from their troves of data. Dakin's story serves as another example of Wall Street taking inspiration from Silicon Valley. JPMorgan chief executive Jamie Dimon has mentionedWith that in mind, here's some of our best coverage from the past week on where Wall Street and Silicon Valley meet:
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