JPMorgan Chase

Wall Street's best-laid Brexit plans in disarray amid virus

06/16/20

Giant U.S. banks still have to deliver a Brexit plan to get staff across the English Channel before a potential second wave of Covid-19 forces Europe's doors shut again.

[more]

Fifth Third, Truist among banks closing early to observe 'Juneteenth'

06/16/20

As protesters continue to take to the streets to express outrage over racial injustice and inequality, banks — for the first time — will commemorate the date that marks the end of slavery in the U.S.

[more]

GSEs hire Morgan Stanley, JPMorgan Chase as financial advisers

06/15/20

As they prepare to exit government conservatorship, Fannie Mae and Freddie Mac have enlisted the investment banks to help them boost capital and evaluate market opportunities.

[more]

House Democrats call for more transparency in allocation of PPP funds

06/15/20

In letters to administration officials and large banks, the lawmakers sought details about loan recipients following reports that financial institutions had favored their wealthiest clients.

[more]

PNC thinking big, PPP fee fight, FBI's hacker warning: Top stories of the week

06/12/20

PNC open to deal that would boost assets to $700 billion; banks take hard line against accountants seeking fees for PPP referrals; rush to online banking during coronavirus has hackers salivating, bureau says; and more from this week's most-read stories.

[more]

How long will banks have to keep padding loan-loss reserves?

06/11/20

Lenders are cautioning not only that second-quarter provisions might exceed the spike seen earlier this year, but also that credit costs could be elevated into 2021 if the economic slowdown drags on or fears of a second coronavirus wave are borne out.

[more]

JPMorgan Chase plans to let mobile customers scan in their receipts

06/11/20

The company is partnering with Sensibill, a fintech whose technology turns photos of receipts into text and helps people track and manage their expenses.

[more]

Problem for reopening branches: Does Google know when you’re open?

06/09/20

Customers are turning to search engines and business portals to find out if their bank is open before checking the bank’s own website. Maintaining accurate information across the web has become even more important during the pandemic.

[more]

Big-bank execs condemn racism after George Floyd death

05/30/20

The chiefs of some of the biggest U.S. banks called on their workers to fight racism after an unarmed black man died as a result of a white police officer kneeling on his neck, prompting nationwide protests.

[more]

Not all payments can be processed at home: How one JPMorgan team managed

05/28/20

The lines of white cooling trailers that silently announce the scale of the tragedy are what lockbox employees at JPMorgan Chase see on their way to work.

[more]