JPMorgan Chase

Wells' tech snafu, BB&T-SunTrust cont'd., JPM Coin: Top stories of the week

02/15/19

Flaws in testing may be real source of Wells Fargo's tech failure; BB&T-SunTrust deal throws talent and deposits up for grabs, threatens banking's middle tier; what JPMorgan Chase's JPM Coin means for Ripple and Swift; and more from this week's most-read stories.

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JPM's digital token; Face-recognition ATMs

02/15/19

The JPM Coin will be used to expedite payments transfers for its corporate clients; customers of Spain’s largest retail bank will be able to withdraw cash without entering a PIN.

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5 things JPM Coin will do for banking and blockchain

02/15/19

JPMorgan's blockchain effort could lead to solutions that overcome industry skepticism and regulatory concerns and perhaps attract more mainstream retail interest.

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How will rivals respond to JPM Coin?

02/14/19

Barclays, Bank of America, TD Bank and other banks have filed multiple blockchain patents over the years, but have yet to publicly announce their plans for the technology.

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Can JPMorgan Chase's JPM Coin knock off Ripple and Swift?

02/14/19

JPMorgan is prototyping its own digital currency to be used for cross-border payments and, later, other purposes. Will banks find this a palatable alternative to today's most well-known options?

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JPM Coin's focus on B2B breaks the bitcoin mold

02/14/19

JPM Coin is not meant for consumer payments, but rather is a specific technology for a specific use case that the bank controls. Its value comes not from JPM Coin's appeal, but from JPMorgan's titanic wholesale payments business.

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JPMorgan to use cryptocurrency for corporate-payments business

02/14/19

JPMorgan Chase successfully tested a cryptocurrency it plans to use in trials for clients of its wholesale-payments business. Dubbed JPM Coin, it's based on blockchain technology, the bank said Thursday in a presentation on its website.

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Thorn in banks’ side pushes for disclosure of raw pay-gap numbers

02/13/19

Arjuna Capital is filing shareholder proposals with 11 financial and tech companies to uncover median gender pay gaps, which it said would determine if more women are concentrated in lower-paying jobs.

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Return of the barbell? How BB&T-SunTrust threatens banking's middle tier

02/13/19

The biggest merger in years is reviving the idea that the industry is headed for a barbell-like shakeout, with very large banks on one end, community banks on the other and very few in between.

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OnDeck posts record 4Q profit — then watches shares plunge

02/12/19

The online small-business lender reported record loan originations in the fourth quarter, but its CEO is warning that loan growth could slow in 2019.

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