Profits fell at JPMorgan and Wells Fargo, but the lenders reported results that were largely better than had been expected, a sign that the economy remained solid.
Category: JPMorgan Chase & Company
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Victim’s Unsealed Testimony Reveals New Details in Epstein Case
The woman testified in a now-settled lawsuit against J.P. Morgan Chase on behalf of hundreds of Jeffrey Epstein’s victims.
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Chase to Bar Customers From Using Credit Cards for ‘Pay Later’ Loans
Financial regulators and consumer advocates frown upon using credit cards to pay off installment loans because of the risk that consumers will dig themselves further into debt.
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Banks Hit With Service Glitches
Trading and some financial transactions were delayed around the world.
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JPMorgan and Wells Fargo Earnings Show Toll of Inflation
JPMorgan and Wells Fargo reported that overall deposits dropped. At Wells Fargo, a core measure of profitability sank.
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When a Bank Rescinds a Job Offer Because It Canceled Your Credit Card
Last year, JPMorgan Chase wanted to pay Mansoor Shams a low-six-figure salary to work in a marketing role. Then it reviewed his account activity.
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In About-Face, Wall Street’s Big Donors Warm to Trump
They may “hate the man,” as one put it, but major business players from coast to coast are increasingly on board for a second term after the first one alienated them.
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A Slimmer Goldman Sachs Posts Hefty Jump in Profit
The Wall Street bank recorded nearly $4 billion in profit, beating analyst expectations in a tough quarter for big banks.
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Dimon Warns of ‘Unsettling’ Pressures as JPMorgan Reports Earnings
Warnings from the chief executive of the nation’s largest bank have been consistently at odds with heady financial markets.
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Now Arriving at an Airport Lounge Near You: Peloton Bikes, Nap Pods and Caviar Service
In recent months, a handful of exclusive credit card lounges have opened in airports in the United States. More are coming this year.
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The Worst Part of a Wall Street Career May Be Coming to an End
Artificial intelligence tools can replace much of Wall Street’s entry-level white-collar work, raising tough questions about the future of finance.