Back to top

Google Wants to be Your New Bank in 2020

Read MoreHide Full Article

Alphabet-owned (GOOGL - Free Report) Google will start offering checking accounts to consumers next year. Under code name “Cache,” the company is partnering with Citigroup (C - Free Report) and Palo Alto-based Stanford Federal Credit Union to run the checking accounts; these firms will also all financial and compliance activities.

According to Google exec Caesar Sengupta, who spoke to the Wall Street Journal, the company is considering not charging a service fee, and is thinking about offering perks like a loyalty program as well.

Google’s plans are the latest move from Big Tech to enter the banking space. Apple (AAPL - Free Report) just launched a branded credit card for iPhone users with Goldman Sachs (GS - Free Report) ; Facebook (FB - Free Report) is looking at rolling out a payments system across all of its platforms after plans to debut a cryptocurrency failed; and Uber (UBER - Free Report) announced a plan to offer financial products and services.

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>