JPMorgan Chase

JPMorgan’s record trading helps ease pandemic’s toll on profit

07/14/20

The country's largest bank said second-quarter profit fell 51% to $4.69 billion, a smaller drop than forecast, as record trading revenue helped counter the biggest loan-loss provision in its history.

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Don’t weaken the G-SIB surcharge

07/10/20

The Fed has already eased certain capital requirements in response to the coronavirus pandemic. It should avoid making any further adjustments to the surcharge, which is meant to keep global banks from creating systemic risks.

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Four big banks throw weight behind climate finance center

07/09/20

The new Center for Climate-Aligned Finance will help financial institutions navigate the various challenges involved in the shift to renewable energy — as lenders, power consumers and corporate citizens. Its backers include JPMorgan and Bank of America.

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JPMorgan dropped accounts that became bad news for Deutsche Bank

07/09/20

The trio of clients that got Deutsche Bank in regulatory trouble this week had a shared back story: They were all castoffs of JPMorgan Chase.

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Inside Goldman’s new corporate banking portal

07/08/20

The Wall Street firm is jumping into a market dominated by a handful of big U.S. banks, betting that superior technology can lure companies with complex cash-management needs.

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How fintech mentorships have adapted during the pandemic

07/07/20

The days of meeting with mentors and pitching investors in person are at least temporarily over, but fintech incubators, accelerators and boot camps are finding creative ways to replicate these valuable experiences online.

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JPMorgan will ditch customers who racially abuse its workers

06/26/20

JPMorgan Chase is cracking down on racism by its customers. The bank is revamping a policy for dealing with abusive clients to include racism toward call-center employees as behavior that could warrant cutting ties with the customers.

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A purpose-driven CD and other ideas for advancing economic justice and diversity

06/22/20

Funds from a certificate of deposit at Berkshire Bank will help fuel lending to minority-owned small businesses. Mellody Hobson explains why merely ‘working on diversity’ is not good enough. And Wells Fargo ties compensation to progress on diversity targets.

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Wells Fargo hires another JPMorgan alum to head wealth management

06/17/20

Barry Sommers, a former head of wealth management at the New York bank, is the latest high-level hire by Wells CEO Charlie Scharf.

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JPMorgan, PNC, Comerica are latest to declare 'Juneteenth' a holiday

06/17/20

They join an ever-expanding list of companies choosing to close offices early Friday to observe the day that marks the end of slavery.

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