What’s at Stake: The lawsuit accuses JPMorganChase of trade libel and breach of good faith, claiming CEO Jamie Dimon violated Florida’s Unfair and Deceptive Trade Practices Act. Supporting Data: Under commercial law and bank account agreements, banks can close accounts at any time for any reason, leading many experts to call the suit “frivolous.” Forward […]
Trump’s JPM lawsuit unlikely to succeed, experts say Read More »
Mortgage originations for JPMorgan Chase were “modestly” over what analysts expected, but even with the increase in the retail channel share, gain on sale was down. Processing Content This is an early downbeat sign for the independent mortgage banking community, a report from Keefe, Bruyette & Woods indicates. Chase is the first large bank to
JPM’s 4Q gain-on-sale drop off a negative sign for IMBs Read More »
Key insight: JPMorganChase is launching its largest-ever anti-scam initiative, adding “trusted contacts” and dedicated intervention teams to fight record-high fraud. What’s at stake: Consumer advocates say the plan lacks a critical component: better reimbursement for scammed consumers, who rarely recover money from “authorized” payments. Supporting data: Americans lost an estimated $158.3 billion to fraud in
Chase launches new anti-scam program Read More »
Octaura, an electronic trading platform for syndicated loans and collateralized loan obligations (CLOs) has appointed Cristina Kim as chief financial officer, to oversee the company’s financial strategy following a major fund raise earlier this year. “Cristina’s deep market and investment expertise will be instrumental as we expand Octaura’s platform and partnerships, and continue to modernize
Octaura adds CFO, Cristina Kim, in continued expansion bid Read More »
Baltimore is embarking on what civic leaders call ‘the nation’s most ambitious housing redevelopment program’ — a 15-year effort that aims to turn around more than 37,000 vacant or at-risk properties and influence market conditions for another 33,000 homes and lots. The strategy is supported by $1.2 billion in public funding commitments and is expected
Baltimore launches $6.2B housing redevelopment effort Read More »
WASHINGTON — The Trump administration upped its rhetoric on debanking again on Tuesday, this time targeting banks themselves rather than their regulators. President Donald Trump once again took aim at two of the country’s largest banks, JPMorgan Chase and Bank of America, and their chief executives, for what he framed without evidence as discrimination against
Trump changes tone on debanking, lays more blame on banks Read More »
hand holding envelope with overdue bill- vector illustrationAdobe Stock Late-payment rates among U.S. households remained elevated in the second quarter of 2025, driven in part by another steep slide into serious delinquency by student loan borrowers. By the end of June, 4.4% of Americans’ total outstanding debt was in some form of delinquency, according to
More consumers are in delinquency as student loans sour Read More »
The housing affordability crisis often conjures images of coastal urban cities with acute housing supply shortages and heavy land-use regulations. While these places do tend to have the highest home prices, it’s not where costs are rising the most. That’s according to a sprawling new study from JPMorgan Chase that examines affordability from a number
The pandemic made housing less affordable, but not in the obvious places Read More »
Jin Lee/Bloomberg JPMorganChase & Co. is putting Marianne Lake, one of the leading contenders to one day take over for Chief Executive Officer Jamie Dimon, in charge of strategic growth and the firm’s fast-growing overseas consumer bank. The appointment follows the departure of Sanoke Viswanathan, who’s leaving to become CEO of the data company FactSet,
JPMorgan hands more duties to Lake, seen as a CEO contender Read More »
Jamie DimonBloomberg Jamie Dimon said his retirement from the top post at JPMorganChase is “several years away,” but the decision is up to the bank’s directors. “It’s up to God and the board,” the 69-year-old chief executive officer said in a taped interview aired Monday on Fox Business. “I love what I do.” The question
Dimon says retirement from JPMorgan is ‘several years away’ Read More »