RBC's McKay has 'real concerns' with bitcoin, but 'it's not fraud'
Royal Bank of Canada's David McKay said he has "real concerns" about bitcoin. But unlike JPMorgan Chase's Jamie Dimon, fraud isn't one of them. ... Read full article
Royal Bank of Canada's David McKay said he has "real concerns" about bitcoin. But unlike JPMorgan Chase's Jamie Dimon, fraud isn't one of them. ... Read full article
JPM chief says digital currency “has no actual value,” but likes the blockchain technology behind it; lender will wait until “the time is right” before re-applying. ... Read full article
Rising losses and chargeoffs at JPMorgan Chase and Citigroup could be an indication of future trouble at other banks. Still, executives are bullish on cards and argue that the loss rates are logical consequences of rate hikes and attempts to expand card ... Read full article
Consumers are looking for high-tech services, not just higher deposit rates, in deciding where to park their cash, a top JPMorgan executive said in discussing the company's explosive deposit growth in the third quarter — and whether it will continue. ... Read full article
JPMorgan Chase joined Wall Street rivals in expressing a willingness to get involved with cryptocurrencies like bitcoin, which surged to a record on Thursday. ... Read full article
From chairing a panel charged with replacing Libor to advising the president and Congress on regulatory reform, JPMorgan Chase's chief regulatory affairs officer has emerged as a leading voice on fine-tuning crisis-era rules. ... Read full article
An increase in corporate loans, the highest lending margin in 4 1/2 years and record profit in asset management helped the lender top analysts’ estimates and offset trading and other challenges. ... Read full article
Less than a decade after the last major banking crisis, Goldman Sachs and JPMorgan Chase are offering investors a new way to bet on the next one. ... Read full article
The CEO of J.P. Morgan Asset Management and American Banker’s Most Powerful Woman in Finance shares advice about dealing with tricky clients and colleagues. ... Read full article
Demand for commercial loans has been weak for much of the past year and among the big questions bank executives will face this earnings season is when they can expect the pace to finally pick up. ... Read full article
A who’s who of banking industry executives turned out for the annual celebration of the Most Powerful Women. Pam Joseph won’t be the next CEO of TSYS after all, but Jamie Dimon seems to be setting JPMorgan Chase up for a female CEO. Does Marianne Lake have ... Read full article
Executives from across the industry celebrated gender diversity Thursday evening at American Banker’s Most Powerful Women in Banking and Finance dinner in New York. ... Read full article
Mary Callahan Erdoes, CEO, J.P. Morgan Asset Management and American Banker’s Most Powerful Woman in Finance, shared a funny story about her kids and her boss, Jamie Dimon, at the Most Powerful Women in Banking dinner. ... Read full article
JPMorgan's Mary Callahan Erdoes outlines the secret to motivating employees that she learned from businessman Jack Ma. ... Read full article
The comments by JPMorgan Chase CEO Jamie Dimon on bitcoin demonstrate a distinct lack of understanding of the reality that the virtual currency has an incredible value proposition. ... Read full article
The agencies will give eight of the largest U.S. banks an extra year to file upcoming resolution plans, and suggested they may stretch out the filing schedule on a more ongoing basis. ... Read full article
The first-of-its-kind study was an acknowledgment that as consumers rely more on digital banking channels, the nation's largest banks are competing more against each other and less against smaller institutions. ... Read full article
Regulators disagree whether proposed changes to capital requirements would ease burden on community banks; JPMorgan on hook if jury award not overturned. ... Read full article
Mary Callahan Erdoes keeps finding new frontiers to explore. ... Read full article
Equifax's data breach may be the most serious, given that it covered 143 million consumers and involved reams of confidential information, but it wasn't the largest. Following are the biggest to date. ... Read full article