Banks showing a fondness for Uber's service

New York

WALL Street banks can be hidebound in their ways, insisting on suits and ties and handing out BlackBerries after everyone else has moved on to the iPhone. But if there is one thing that can push even the most conservative bank into the future, it is the prospect of business.

The latest reminder came this week when JPMorgan Chase announced that it would reimburse all its employees for rides taken with Uber - offering access to "Uber's expanding presence and seamless experience", the company said in a news release.