Justin Sullivan | etty Images The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments…
Read more Justice Department accuses Visa of debit network monopoly that affects price of ‘nearly everything’JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on…
Read more JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concernsApple CEO Tim Cook introduces the Apple Card during a launch event at Apple headquarters in Cupertino, California, on March 25, 2019. Noah Berger | AFP | Getty…
Read more Apple is in talks with JPMorgan for bank to take over card from Goldman SachsTsingha25 | Istock | Getty Images The Federal Deposit Insurance Corp. on Tuesday proposed a new rule forcing banks to keep detailed records for customers of fintech apps…
Read more FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacleDaniel Pinto, president and chief operating officer of JPMorgan Chase, speaks during the Semafor 2024 World Economy Summit in Washington, DC, on April 18, 2024. Saul Loeb |…
Read more JPMorgan Chase shares drop 5% after bank tempers guidance on interest income and expensesA top Federal Reserve official on Tuesday unveiled changes to a proposed set of U.S. banking regulations that roughly cuts in half the extra capital that the largest…
Read more Federal Reserve unveils toned-down banking regulations in victory for Wall StreetJPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of its employees in recent weeks, the initial phase of a broader plan to…
Read more JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAIJPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a “soft landing” for the U.S. economy are around 35% to 40%, making recession…
Read more Jamie Dimon says he still sees a recession on the horizon(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate…
Read more JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller stepsJane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on…
Read more Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plansTsingha25 | Istock | Getty Images Ledgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app Yotta went…
Read more Nearly $109 million in deposits held for fintech Yotta’s customers vanished in Synapse collapse, bank saysJelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Aug. 3,…
Read more Synapse bankruptcy trustee says $85 million of customer savings is missing in fintech meltdownBank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol…
Read more Bank of America CEO says U.S. consumers and businesses have turned cautious on spendingJamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building…
Read more Jamie Dimon says JPMorgan stock is too expensive: ‘We’re not going to buy back a lot’Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the UK Global Investment Summit at Hampton Court Palace in London, UK, on Monday, Nov. 27, 2023. …
Read more JPMorgan CEO Jamie Dimon signals retirement is closer than everRohit Chopra, director of the Consumer Financial Protection Bureau, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., Dec. 15, 2022. Ting Shen…
Read more The rule capping credit card late fees at $8 is on hold — here’s what it means for youCitigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder for many Americans. Fraser, who leads one of…
Read more Citigroup CEO Jane Fraser says low-income consumers have turned far more cautious with spendingWarren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC Berkshire Hathaway, led by legendary investor Warren Buffett,…
Read more Berkshire Hathaway’s big mystery stock wager could be revealed soonA New York Community Bank stands in Brooklyn, New York City, on Feb. 8, 2024. Spencer Platt | Getty Images New York Community Bank on Wednesday posted a…
Read more NYCB shares jump after new CEO gives two-year plan for “clear path to profitability”JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on…
Read more JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
