JPMorgan Chase & Co. said net interest income — revenue from customers’ loan payments minus what the bank pays depositors — jumped to $14.5 billion in the first quarter, a record aided by the Federal Reserve’s four interest-rate increases in 2018.
Bank CEO Jamie Dimon writes in annual report that the bank will add advisors across private banking, brokerage and mass-affluent channels to gain market share.
JPMorgan Chase & Co. is dismissing hundreds of workers in its asset and wealth-management division after a periodic review of staffing, according to a person briefed on the matter.
It’s been a month since JPMorgan issued a press release announcing JPM Coin, and everyone is as confused now as they were then.
Lee, who has spent almost a decade apiece at Merrill Lynch, Smith Barney and J.P. Morgan, will be New York business leader for the San Francisco-based bank’s expanding East Coast wealth management activities.
A split arbitration panel awards $3.2 million to a broker who joined J.P. Morgan when the Swiss bank closed its operations, but also ordered him to repay his almost $3 million note balance.
Atlanta brokers David Kritzer and Christopher Castellaw shifted earlier this month, sandwiched between the losses of other UBS brokers in California and Ohio.
JPMorgan Chase & Co. successfully tested a cryptocurrency it plans to use in trials for clients of its wholesale-payments business.
It may take a few years for blockchain’s impact to be felt meaningfully, but it will provide some advancements in certain areas even as cryptocurrencies falter, according to JPMorgan Chase & Co.