JPMorgan Chase

Big banks need more diversity in leadership ranks: House Democrats

08/13/19

With women and minorities holding less than 25% of top positions at the eight largest U.S. banks, House Financial Services Committee Chairwoman Maxine Waters and other Democrats called on banks to improve their recruiting efforts and invest in programs aimed at building pipelines of diverse talent.

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Digit savings app drops fee for instant overdraft protection

08/13/19

The San Francisco-based fintech is using JPMorgan Chase’s real-time payments service to power the updated overdraft prevention tool.

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Fed’s hard sell on SOFR; Consumers dialed in on phone banking

08/12/19

A Fed-led working group may pressure Wall Street to adopt SOFR; challenger banks with smartphone-based accounts soar.

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Card issuers’ new focus on installment lending misses the point

08/09/19

Issuers like Chase and Citi that added installment features to compete with digital lenders will need to think beyond traditional card options.

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Homeowners rush to refi; did JPM execs dismiss warnings about Jeffrey Epstein?

08/09/19

The rate on a 30-year fixed-rate mortgage dropped to 3.6%, a three-year low; Mary C. Erdoes, a top bank executive, allegedly pushed back against compliance department suggestions to jettison the controversial client.

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Visa market value surpasses JPMorgan, banks that used to own it

08/08/19

The biggest U.S. banks used to own Visa. Now if only they could keep up with it.

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JPMorgan senior banker Karen Simon to leave after 36 years

08/08/19

Simon most recently led JPMorgan's director advisory services team, which helps company boards find new members. She'll be retiring at the end of the summer.

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Fifth Third is latest bank to raise its minimum wage

08/06/19

The Cincinnati regional bank says it will spend an extra $15 million a year to offer more competitive pay that it hopes will attract talented front-line employees.

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Bank stocks take big hit as trade war fears escalate

08/05/19

China's decision to stop buying U.S. soybeans and let its currency depreciate raised the prospect of further interest rate cuts. That hurt banks slightly more than the rest of the market on what was a bad day for all equities.

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The JPM-OnDeck split, Truist's tech plans, Capital One's breach: Top stories of the week

08/02/19

JPMorgan Chase ends business loan partnership with OnDeck; Truist out to prove it can best the megabanks in tech; Capital One's data breach was bad, but it could've been worse; and more from this week's most-read stories.

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