JPMorgan Chase

Old-school email could help midize banks close digital gap

05/06/20

Regional and midsize banks, which continue to trail the biggest banks in digital engagement, could attract younger consumers by reaching out with more advice about financial basics, according to J.D. Power.

[more]

Wells Fargo stops accepting home equity credit line applications

04/30/20

Wells Fargo will temporarily stop accepting applications for home equity lines of credit, following a similar move by rival JPMorgan Chase.

[more]

JPMorgan Chase sent 225,000 small-business applications this week

04/30/20

Submissions total about $17.8 billion in requested funding for the second round of the Paycheck Protection Program, with an average loan size of $81,000.

[more]

Bankers aren’t returning to skyscrapers anytime soon

04/29/20

As the coronavirus outbreak starts to ebb in New York and pressure rises on the U.K. government to end London’s lockdown, the largest banks are grappling with how to adhere to social distancing rules.

[more]

JPMorgan turned SBA borrowers away before second round started

04/28/20

The bank told customers that it wasn't accepting new applications for the rescue loans because it was trying to work through a backlog of requests already in its pipeline.

[more]

Big banks try to figure out logistics of 'back to work'

04/26/20

Inside Citigroup's headquarters in Manhattan, executives are trying to solve a problem bedeviling much of Wall Street: How to get employees up elevators.

[more]

NYC pensions urge JPMorgan investors to push Lee Raymond off board

04/22/20

New York City pensions are pushing to remove Lee Raymond, JPMorgan Chase's longest-serving director, from the bank's board because of his track record on climate change.

[more]

Senate passes PPP 2.0; JPMorgan hashing out return-to-work plan

04/22/20

The bill, which includes $310 billion in new funding, is expected to pass the House on Thursday; Chase has no timeline for returning but plans to bring back employees to offices in stages.

[more]

Wells Fargo, JPMorgan among banks sued over aid to small businesses

04/20/20

Bank of America and U.S. Bancorp were also named in a lawsuit filed in Sunday in which the banks are accused of prioritizing large loans distributed through the Paycheck Protection Program in order to maximize fees.

[more]

Deposits are rising. But will they stick around?

04/16/20

Consumers and businesses put more money in the bank as the pandemic worsened. How long the funds remain will depend on how quickly the economy recovers.

[more]