JPMorgan Chase

Why coins are scarce and what government, banks are doing about it

07/21/20

The Federal Reserve, U.S. Mint and financial industry representatives are strongly considering a public call for Americans to deposit their spare change, among other fixes, to get coins circulating again. Meanwhile, banks of all sizes are getting creative at the local level.

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Big banks urge HUD to shelve redlining plan. Small banks say not so fast.

07/20/20

The national conversation around systemic racism has compelled large banks to withdraw support from the “disparate impact” proposal. But community banks maintain that the proposed reforms would reduce frivolous claims.

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Morgan Stanley to show how loans contribute to climate change

07/20/20

The New York bank has also joined a steering committee helping to develop a global accounting standard that financial institutions can use to measure their impact on global warming.

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U.S. Bancorp mulls more branch closings as customers flock to digital channels

07/15/20

The Minneapolis company said 75% transactions have been handled online since the pandemic hit.

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Big banks keeping consumer loan losses in check, at least for now

07/14/20

Net charge-offs fell at Citigroup and Wells Fargo, thanks to forbearance and federal stimulus. Leaders of those banks are warning that delinquencies could rise once the benefits of those programs wear off.

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Dimon says economic outlook ‘much murkier’ as virus cases surge

07/14/20

Megabanks like JPMorgan Chase boosted loan-loss provisions to record levels in the second quarter in preparation for what could be a wave of loan defaults.

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Google adds security layer to its cloud offering

07/14/20

JPMorgan Chase is one financial institution that plans to test Google Cloud’s new Confidential Computing product.

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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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