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iBank therefore I am – Apple eyes move into financial services

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Photo: Gary Hershorn/Getty Images

The arrival of Apple into the US financial services sector is casting a long shadow. Is the tech giant about to do to banking what it did to the mobile phone and music industries?

When Apple launched its high-yield savings account with Goldman Sachs in the US earlier this year — its latest in a series of forays into the financial services arena — many market watchers pondered if Apple is about to do to banking what the iPhone did to the mobile phone industry.

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