JPMorgan Chase

JPMorgan to shutter Finn and shift customers to Chase Mobile

06/06/19

A year after launching the digital bank, JPMorgan Chase has concluded that the millennials it targeted don't need a separate brand.

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Swiss regulators fine Citi, JPMorgan for roles in fixing forex rates

06/06/19

The two U.S. banks and Barclays have agreed to pay $91 million to settle claims that traders colluded to manipulate rates over a six-year span.

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JPMorgan revives forced arbitration for credit-card holders

06/05/19

JPMorgan Chase & Co., the biggest U.S. credit-card issuer, is reviving a controversial policy that forces credit-card customers to use arbitration instead of court to resolve payment disputes.

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Exec departures at Deutsche Bank, SoFi; N.Y. Fed chief warns on 'bad apples'

06/05/19

The chief operating officer for the Americas at Deutsche Bank, as well as SoFi's heads of marketing, risk and capital markets, are all moving on; John Williams tells bankers they need to do more to clean up misconduct at their companies.

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Regulation key to systemic health, Quarles says; HSBC plans cuts

05/31/19

Stress tests, capital buffers and liquidity levels are best ways to make financial system safe; HSBC plans to layoff “several hundred” from investment bank.

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JPMorgan agrees to $5 million settlement in parental leave case

05/30/19

The payout resolves a 2017 complaint filed by a male employee who alleged the bank’s parental leave policy was biased against dads.

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Expect more banks to exit national mortgage lending

05/29/19

Many banks have already scaled back home lending or even left the business. With profit margins shrinking, inventories of homes at crisis levels and competition from nonbanks intensifying, that’s unlikely to change.

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Citi joins JPMorgan in warning of second-quarter trading slump

05/29/19

A burgeoning trade war, the U.K.’s planned exit from the European Union and escalating tension between the U.S. and Iran have weighed on market sentiment in recent weeks, Citigroup CEO Michael Corbat said Wednesday.

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Wells Fargo snags tech executives from JPMorgan, WarnerMedia

05/28/19

Steve Hagerman, who was responsible for the first mortgage platform at JPMorgan Chase, will be head of consumer lending technology at Wells. It also named Gary Owen, a veteran of WarneMedia, Promontory Financial and Citi, its chief information security officer.

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Wells Fargo ‘irresponsible’: Dimon blasts rival on lack of CEO plan

05/28/19

The JPMorgan chief executive said he couldn't understand why Wells Fargo could have CEO Tim Sloan step down without a successor ready to go.

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