Charlie Javice promised to simplify the college financial aid process. It was a compelling pitch. Especially, as now seems likely, to those with little firsthand knowledge of financial aid.
Category: JPMorgan Chase & Company
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JPMorgan Paid $175 Million for a Business It Now Says Was a Scam
The New York Times – Business: -
JPMorgan Sets Aside Money for Bad Debts as ‘Mild Recession’ Looms
The New York Times – Business:The bank, the biggest in the United States, reported a large profit in its latest quarter, but said it was girding for a downturn later in the year.
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Tensions with Virgin Islands Governor Over Epstein Led to Attorney General’s Firing
The New York Times – Business:Denise George, who led a three-year investigation into the activities of Jeffrey Epstein, was fired recently.
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As Silicon Valley Retrenches, a Tech Talent Shift Accelerates
The New York Times – Business:Most tech jobs are now in mainstream industries like health care, banking and retail, which are increasingly in need of workers with digital skills.
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US Virgin Islands Sues JPMorgan Over Jeffrey Epstein Sex Trafficking Scheme
The New York Times – Business:A lawsuit says the bank helped conceal the exploitation of women and girls by the convicted sex offender Jeffrey Epstein.
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For Many Wall Street Bankers, This Year’s Bonus Season Is a Bust
The New York Times – Business:There were fewer mergers and public listings this year, shrinking investment banking revenue. For bankers, that means a smaller pot of money for bonuses.
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Zelle Fraud Victims Are in Line to Receive Reimbursements
The New York Times – Business:A rule change planned for early next year would shift liability for some losses onto the banks, not their customers.
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What the Banks Stock Rally Says About Wall Street
The New York Times – Business:A strong batch of earnings have propelled bank stocks in recent days, but investors remain more cautious on the outlook of Goldman Sachs and Morgan Stanley.
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Morgan Stanley’s 30% Profit Drop Sends Stock Price Down
The New York Times – Business:The Wall Street firm reported lower fees and weaker revenue from trading stocks in the third quarter.
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JPMorgan’s Profit Shrinks, but Chief Says U.S. Customers Are ‘Healthy’
The New York Times – Business:The bank earned $9.7 billion in the third quarter, down from last year. It also added to reserves against loan losses and took a hit on some investments.