JPMorgan

JPMorgan Chase & Co. headquarters in New York, US, on Wednesday, Jan. 18, 2023.Gabby Jones | Bloomberg | Getty ImagesJPMorgan Chase cut about 500 positions this week, mostly among technology and operations groups, according to people with knowledge of the move.The cuts were spread across the New York-based firm's main divisions of retail and commercial banking, asset and wealth management and its corporate and investment bank, said the people, who declined to be identified speaking about personnel matters.Like many…

Jamie Dimon, chief executive officer of JPMorgan Chase, is planning his first visit to mainland China in four years as the American bank prepares to host three conferences in Shanghai at the end of May.Giulia Marchi | Bloomberg | Getty ImagesJPMorgan Chase is developing a ChatGPT-like software service that leans on a disruptive form of artificial intelligence to select investments for customers, CNBC has learned.The company applied to trademark a product called IndexGPT this month, according to a filing from the New…

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Sept. 22, 2022.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Tuesday that it's not likely his bank would acquire another struggling lender after its government-brokered acquisition of First Republic."Unlikely," was Dimon's curt response to a shareholder who asked about acquisitions during the New…

The U.S. Virgin Islands are seeking documents from the Tesla leader for its civil suit against the bank. The U.S. Virgin Islands are seeking documents from the Tesla leader for its civil suit against the bank. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are…

WASHINGTON—JPMorgan Chase has become the target of a campaign by Republican state officials seeking to expose what they see as religious discrimination in the bank’s business practices.Nineteen Republican state attorneys general sent a letter this month addressed to JPMorgan Chief Executive Jamie Dimon, accusing the nation’s largest bank of a “pattern of discrimination” and of denying customers banking services because of political or religious affiliations. In March, 14 Republican state treasurers wrote a similar letter…

Regulators seized First Republic Bank and struck a deal to sell the bulk of its operations to JPMorgan Chase & Co., heading off a chaotic collapse that threatened to reignite the recent banking crisis. JPMorgan said it will assume all of First Republic’s $92 billion in deposits—insured and uninsured. It is also buying most of the bank’s assets, including about $173 billion in loans and $30 billion in securities. Regulators seized First Republic Bank and struck a deal to sell…

A view of the First Republic Bank logo at the Park Avenue location, in New York City, March 10, 2023.David Dee Delgado | ReutersRegulators took possession of First Republic on Monday, resulting in the third failure of an American bank since March, after a last-ditch effort to persuade rival lenders to keep the ailing bank afloat failed.JPMorgan Chase then acquired all of First Republic's deposits, including those that are uninsured, and a "substantial majority of assets," according to a release. Since the sudden collapse…

First Republic Bank (FRB), on the brink of collapse in the weeks after the Silicon Valley Bank crisis, has finally fallen over, but with a relatively quick resolution into its next chapter: today the Federal Deposit Insurance Corporation (FDIC) announced that it was being closed by the the California Department of Financial Protection and Innovation, that the FDIC was appointed as receiver, and that the FDIC would be selling the assets to JPMorgan. Its assets and deposits total just over $330 billion combined.…

Big banks including JPMorgan Chase & Co. and PNC Financial Services Group Inc. are vying to buy First Republic Bank in a deal that would follow a government seizure of the troubled lender, according to people familiar with the matter. A seizure and sale of First Republic by the Federal Deposit Insurance Corp. could come as soon as this weekend, the people said. Big banks including JPMorgan Chase & Co. and PNC Financial Services Group Inc. are vying to buy First…

ASML Holding NV beat first-quarter earnings forecasts on continued strong demand for its chip making equipment, but noted some signs of caution among customers. The comments from Europe's biggest tech firm follow news that Samsung will cut production because of a downturn in semiconductor demand, while memory chip makers SK Hynix and Micron have cut spending plans. ASML posted a threefold jump in net profit to 1.96 billion euros ($2.15 billion) on revenue up 91% at 6.74 billion euros. Analysts had forecast net profit of…