While the long-term impacts of the tax reform bill passed by Congress and signed into law by President Trump remain to be seen, at least one major corporation ...
Read More »Dimon Explains JPMorgan Chase’s Investment in Detroit
In light of JPMorgan Chase's recent contribution to the community of Washington D.C., JP Morgan Chase CEO Jamie Dimon goes into detail about investments lessons learned when investing ...
Read More »What Happened to the Financial Market?
Wells Fargo, Citigroup, and JPMorgan Chase all reported their second quarter financial earnings on Friday before the market opened in the morning; but, despite reporting earnings and total ...
Read More »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…”
Read More »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.
Read More »Banks’ Profits Fly South for the Winter
What was behind the year-over-year declines in profits that JPMorgan Chase, Citigroup, and PNC Financial Group all experienced in Q3?
Read More »Paid in Full: Chase Satisfies Settlement Obligation Early
JPMorgan Chase has satisfied its $4 billion consumer relief obligation under the terms of a November 2013 RMBS settlement.
Read More »Five Star Demonstrates Ongoing Commitment to Veterans
One cause that the Five Star Institute has remained committed to through the years is giving back to the wounded service members who have fought to protect our country. On Monday night, they showed that commitment once again.
Read More »Mortgage Banking Changes Pay Dividends for Chase
While JPMorgan Chase’s net income for the second quarter stayed relatively flat from a year ago, mortgage banking income took an upward turn.
Read More »Chase RMBS Purchase Doesn’t Foretell of Industry Trend
JPMorgan Chase's recent $1.9 billion residential mortgage-backed security (RMBS) transaction may not spur demand for similar transactions from other banks in the next few years for several reasons, according to a report from Moody’s Investors Service.
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