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Tag Archives: JPMorgan Chase

JPMorgan Chase to Undergo Leadership Changes

JPMorgan Chase COO Matthew Zames will be stepping down from his role after 13 years, the bank announced on Thursday. According to sources, Zames is leaving to start his own business. “I have been in this business almost 25 years. I spent the vast majority of my time running businesses, driving things forward, facing off against clients, taking business risk. But at its core … I want to get back to running the railroad…”

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Appeals Court Revives BNY Case Against Chase

A years-old case between Bank of New York Mellon and JPMorgan Chase is back on again—at least in part— after a New York state appeals court revived the suit this week. BNY claims that JPMorgan and affiliate WMC Mortgage breached contracts, failed to repurchase certain defective loans, and failed to provide notice of faulty loans. The case was originally filed in 2015.

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