The New York bank said it wrote down each taxi medallion loan to a value of $160,000. At their peak, New York City medallions were worth well over $1 million.
During an appearance on the CBS Evenings News Wednesday evening, Dimon unveiled new details about the first leg of the New York company's recently announced, multi-city branch expansion.
Comments by Federal Reserve Vice Chairman for Supervision Randal Quarles appeared to contrast with past statements by former officials about the controversial charter.
American Express Co., long known to issue cards that had to be paid off in full every month, now wants its customers to take their time paying it back.
The Consumer Bankers Association on Wednesday asked lawmakers to rein in regulations that were meant to prevent robocalls but that the group says have inadvertently captured legitimate calls.
A sharp decline in capital markets fees at the Minneapolis company shows tepid loan growth is not the only side effect of tax reform at banks. How hard will it be to bounce back?
