JPMorgan Chase

Lawmaker challenges Dimon over JPMorgan arbitration plan

06/13/19

Rep. Katie Porter is butting heads with Jamie Dimon again. The Democrat from California claims the bank’s new policy of making credit-card customers use arbitration instead of the courts to resolve payment disputes violates her state’s laws.

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Goldman offers incentives to keep Marcus clients away from court

06/13/19

The Goldman Sachs unit that offers savings accounts and makes personal loans says it will cover certain expenses for its customers who elect arbitration.

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When is a fintech too big to be bought by a bank?

06/13/19

The head of the venture capital firm Nyca Partners recommends that banks find firms that are big players in narrow markets and wouldn't strain tangible common equity to purchase.

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Fifth Third CEO sees no need for digital-only bank

06/12/19

CEO Greg Carmichael said Wednesday that online-only banks "aren't relationship-based" and that Fifth Third would stick to its plan of attracting new depositors by selectively expanding into new markets.

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JPMorgan won't close accounts of people who reject binding arbitration

06/11/19

JPMorgan Chase & Co. said it won’t shut the accounts of credit-card customers who reject a new policy of using arbitration instead of the courts to resolve payment disputes.

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Marcus won’t suffer fate of JPMorgan’s Finn: Goldman exec

06/10/19

The digital bank is a whole new line of business for Goldman, meaning there's no risk that it is cannibalizing from the main institution, said Omer Ismail, the head of the bank's U.S. consumer business.

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The year of the fintech merger

06/10/19

A trio of big deals in the payments and financial service provider area and continued bank and venture capital interest in fintech investments are creating expectations for a banner year.

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First failure since ’17, BB&T’s retention play, demise of JPMorgan’s Finn: Top stories of the week

06/07/19

The Enloe State Bank in Texas becomes the first bank to fail in 17 months; BB&T dangles promise of bonus payments to top executives if they stay; where JPMorgan Chase’s Finn experiment went wrong; and more from this week’s most-read stories.

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Where did JPMorgan Chase's Finn experiment go wrong?

06/06/19

The bank launched Finn in an effort to attract millennials. But there were problems with how it implemented the digital-only brand, experts said.

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Federal Reserve terminates London Whale enforcement action

06/06/19

After more than six years, the Fed is ending its order requiring greater risk controls at the bank, following an estimated $6 billion in trading losses in 2012 that stemmed from a single trader.

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