Everything Is Becoming a Bank [Jacobin] – “The US economy is turning into one giant bank.
Starbucks holds nearly $2 billion of customers’ money in its rewards program. That’s more than the total deposits managed by 85 percent of chartered banks, making the coffee chain one of the biggest financial institutions in the country.
Conversely, Capital One, one of the world’s top banks, now operates its own cafes on city street corners.”