Why big banks are (finally) deploying robo-advisers
Banks' online advice platforms are just the face of a deeper effort to restructure client data and adapt to a digital era. ... Read full article
Banks' online advice platforms are just the face of a deeper effort to restructure client data and adapt to a digital era. ... Read full article
The cryptocurrency proved so popular it triggered two temporary trading halts on CBOE's Global Markets exchange. ... Read full article
The JPMorgan Chase CEO supports easing regulations on mortgage lending but says other major provisions of Dodd-Frank should remain intact. ... Read full article
Dizzying trading in bitcoin fed the bubble argument, but now that Nasdaq is the third Wall Street player to say it is designing a financial instrument around it, banks may be forced to reassess cryptocurrencies. ... Read full article
Cordray picking his own interim successor sets off a firestorm; co-head of global banking leaves the U.K. bank after only 18 months. ... Read full article
The U.S. needs to cut corporate tax rates to keep businesses from moving abroad, even if that means raising rates for wealthy individuals and removing the carried interest tax break for investment managers, said JPMorgan Chase Chief Executive Officer Jamie ... Read full article
President Trump is expected to announce his Fed chair nominee this week; three deals earned JPM's boss almost $100 million. ... Read full article
Bank fires four forex traders, while the OCC slams its auto lending practices; United wants to renegotiate its co-branded credit card agreement with JPM. ... Read full article
Trading on Friday afternoon pushed the cryptocurrency's market capitalization above $100 billion for the first time ever. ... Read full article
Cryptocurrencies will not gain widespread traction with corporations and governments as long as there remain crucial questions about their volatility, risk, volume and shadowy affiliations. ... Read full article
JPM chief says digital currency “has no actual value,” but likes the blockchain technology behind it; lender will wait until “the time is right” before re-applying. ... Read full article
"Jamie Dimon gets paid to worry about bitcoin because he's a rent-taker," said Mike Novogratz, a former principal and macro fund manager at Fortress Investment Group. "The decentralized revolution is about going after the ... Read full article
JPMorgan Chase joined Wall Street rivals in expressing a willingness to get involved with cryptocurrencies like bitcoin, which surged to a record on Thursday. ... Read full article
An increase in corporate loans, the highest lending margin in 4 1/2 years and record profit in asset management helped the lender top analysts’ estimates and offset trading and other challenges. ... Read full article
The comments by JPMorgan Chase CEO Jamie Dimon on bitcoin demonstrate a distinct lack of understanding of the reality that the virtual currency has an incredible value proposition. ... Read full article
China’s crackdown on cryptocurrency exchanges raises questions about the future of digital asset innovation, a movement that some bankers view as a threat and others embrace as a boon to payments, P-to-P lending and other activities. ... Read full article
Lenders aren’t happy with the way the credit bureau has responded to the data breach; JPM chief calls digital currency “a fraud.” ... Read full article
JPMorgan Chase CEO Jamie Dimon predicted Tuesday that the market for bitcoin is on the verge of crashing, saying it was even worse than the infamous Dutch Tulip bubble. ... Read full article
The FBI and at least two states are looking into the data breach; Harvey shut lots of banks, but mobile banking apps keep customers operating. ... Read full article
JPMorgan Chase and Bank of America were among those institutions speaking out about President Trump's plan to terminate legal protections for young, undocumented immigrants who arrived in the country as children. ... Read full article