Category: JPMorgan Chase & Company

CFPB Drops Lawsuit Against Banks Over Zelle Scams

A spokeswoman for the payment app’s parent company said the lawsuit against three large banks was “without merit, and legally and factually flawed.”
Target to End D.E.I. Policies as Trump Threatens Companies

The retailer joins a growing group of companies dropping commitments and policies on diversity and equity as President Trump fights the programs.
Debanking, and the Diss Heard Around Davos

President Trump’s accusation that Bank of America’ dropped conservatives as clients serves as a reminder C.E.O.s may face unexpected attacks by the White House.
Trump Lashes Out at Bank of America Over Treatment of Conservatives

The president revived Republican criticisms over purportedly politically motivated “debanking,” or closing of customer bank accounts.
Big Banks Quit Climate Change Groups Ahead of Trump’s Term

Several large U.S. financial institutions, including the Federal Reserve, have withdrawn from the networks after years of growing political and legal pressure.
JPMorgan Chase, Wells Fargo and Goldman Sachs Report Big Profits

The largest banks, including JPMorgan Chase, Wells Fargo and Goldman Sachs, reported bumper profits on Wednesday.
JP Morgan Names Jenn Piepszak C.O.O. Succeeding Daniel Pinto

Jennifer Piepszak will become chief operating officer of JPMorgan this summer, and signaled she would not seek the chief executive’s job. The current C.O.O., Daniel Pinto, plans to retire.
Wall St. Is Minting Easy Money From Risky Loans. What Could Go Wrong?

Everyone from Jamie Dimon to the International Monetary Fund is ringing alarms about the shadowy world of private credit. But the money keeps rolling in.
Deal Makers See a Rebound in 2025 as Trump Returns to Power

It was another down year for mergers and acquisitions, but Wall Street is optimistic that the lengthy lull is coming to an end.
Biden Administration Sues 3 Big Banks Over Zelle Fraud

Action against Bank of America, JPMorgan Chase and Wells Fargo may not survive President-elect Donald J. Trump’s return to office.
Bank of America Flagged Suspicious Payments to Epstein Only After He Died

Congressional staff to Sen. Ron Wyden are urging that Bank of America be investigated for the way it reported payments from Leon Black to Mr. Epstein.
Wall Street’s Titans Can’t Wait for Trump 2.0

The financial world sees plenty of opportunity in the return of President-elect Donald J. Trump. For now, Wall Streeters are looking past the risks.