JPM, Wells on divergent paths; Citi talks gender pay
The two banks' tax reform expectations differ as they move in opposite directions; bank bows to pressure to report pay discrepancies. ... Read full article
The two banks' tax reform expectations differ as they move in opposite directions; bank bows to pressure to report pay discrepancies. ... Read full article
The move follows a shareholder proposal filed by Boston-based Arjuna Capital and is the first of its kind by a big U.S. bank. ... Read full article
The JPMorgan Chase CEO is rejecting arguments that banks are poised to loosen underwriting standards to win more mortgage business. He said what's needed to encourage banks to make more loans to borrowers with spotty credit files are changes to FHA ... Read full article
Executives of large banks told investors and analysts what they wanted to hear Friday when they said they plan to increase returns to shareholders. ... Read full article
JPMorgan Chase, Wells Fargo are the first to report; payments company will run pilot to see if digital currency speeds transactions and lowers costs. ... Read full article
JPMorgan Chase & Co.’s equities business took a big hit from Steinhoff International Holdings NV last quarter. ... Read full article
The agreement marks the latest example of the banking giant teaming with a fintech to speed up delivery of services to its customers. ... Read full article
Capital One became the latest bank to feel customers' online wrath last week after reports that some customers were being charged twice for debit card activity. But they were hardly alone. ... Read full article
Jamie Dimon, the JPMorgan Chase chief executive officer who earlier called the cryptocurrency a "fraud," said Tuesday he wishes he hadn't dismissed the technology in such broad terms. ... Read full article
Banks have been in full cost-cutting mode in recent years, but with profits expected to increase substantially as a result of tax reform, all analysts and investors want to know is how they plan to spend their tax savings. ... Read full article
The Consumer Financial Protection Bureau dominated three of the top most read stories of last year, while Ripple upstart seized two. Other highlights included our annual Women in Banking package, the aftermath of the Equifax data breach and news of ... Read full article
Banks' embrace of open-source development could eventually go beyond creating tools and apps — to something far more radical. ... Read full article
Increases in charitable donations will be more important than ever for bank reputations, as tax breaks and a lighter touch from financial regulators rekindle public anger about the financial crisis. ... Read full article
Former top commercial mortgage-backed securities strategist Trevor Murray accused the Swiss lender of illegally firing him in 2012 for blowing the whistle on attempts by traders to influence his research reports. ... Read full article
Bank allegedly “seriously breached” anti-money laundering rules; mortgage agencies will be permitted to retain $3 billion capital buffer. ... Read full article
The famed investment bank is set to become the first major Wall Street bank to make markets in digital currencies such as bitcoin. ... Read full article
Earlier versions of the bill would have caused bigger changes in how Americans finance home purchases, higher education and retirement. Still, the final legislation will have important effects on borrowing and saving decisions. ... Read full article
Banks' online advice platforms are just the face of a deeper effort to restructure client data and adapt to a digital era. ... Read full article
Peter Scher, global head of corporate responsibility, will join JPMorgan’s operating committee, effective immediately, the company said Thursday. ... Read full article
A new U.K. rule requiring firms to disclose their pay practices, combined with the increased attention on women's workplace issues in general, is forcing banks and other companies to be more forthcoming about what they are paying female employees. ... Read full article