JPMorgan Chase

Tax hits, deposit wars, paydown blues: A 4Q preview

12/07/17

It’s only early December, but bank CEOs’ comments this week about tax reform, their thirst for deposits, consumer lending initiatives, and challenges in commercial lending offer a sneak peek at what’s coming when earnings season begins next month.

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Stress tests, livings wills are good for industry, Dimon says

12/07/17

The JPMorgan Chase CEO supports easing regulations on mortgage lending but says other major provisions of Dodd-Frank should remain intact.

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Big bank failure would mean crisis; JPM, Amex to share

12/06/17

The Office of Financial Research said the failure of a large financial institution could still ignite a crisis; hotel chain plans to use both issuers for its credit cards.

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Ken Chenault's parting warning: Banks made big error on payments

12/05/17

America’s largest lenders made an epic mistake a decade ago when they cashed out of Visa and Mastercard through initial public offerings, says Chenault, who will step down in February as CEO of American Express.

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Tax reform to unleash business lending? Not so fast

12/05/17

During an industry conference Tuesday, executives from PNC, Wells Fargo, JPMorgan Chase and elsewhere offered differing takes on whether the Republican tax plan will boost loan demand.

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JPMorgan, B of A forecast 15% drop in trading revenue this quarter

12/05/17

The business faces a difficult comparison to last year, when activity spiked after Donald Trump’s surprising presidential election win, executives at the companies said.

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Reducing payments does more than reducing principal, study shows

12/05/17

Cutting payments helps stave off default, but principal reduction on underwater loans and lower consumer debt levels are less effective, according to JPMorgan Chase Institute's new study of post-crisis modifications.

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Is it time for bankers to rethink bitcoin?

11/30/17

Dizzying trading in bitcoin fed the bubble argument, but now that Nasdaq is the third Wall Street player to say it is designing a financial instrument around it, banks may be forced to reassess cryptocurrencies.

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Banks vs. aggregators: Who’ll budge in the data-sharing battle?

11/28/17

The CFPB's data-sharing guidance was widely applauded, but mistrust remains between banks and aggregators. Advocates want regulators to take action.

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Dimon says he'd raise his own taxes to get corporate rates cut

11/22/17

The U.S. needs to cut corporate tax rates to keep businesses from moving abroad, even if that means raising rates for wealthy individuals and removing the carried interest tax break for investment managers, said JPMorgan Chase Chief Executive Officer Jamie Dimon.

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