jpmorgan

JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City. JPMorgan Chase is ranked by S&P Global as the largest bank in the United States and the sixth largest bank in the world by total assets, with total assets of US$2.73 trillion.

Source: jpmorgan.com

JPMorgan Allegedly Favored Larger Companies Under Stimulus Loan Program

JPMorgan Allegedly Favored Larger Companies Under Stimulus Loan Program
JPMorgan Allegedly Favored Larger Companies Under Stimulus Loan Program
April 22, 2020  |  Loans

While the Payment Protection Program (PPP) was aimed in part at mom-and-pop businesses – and is run through the Small Business Administration (SBA) – it...

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Lawsuits Allege Banks Played Favorites With PPP Loans
Lawsuits Allege Banks Played Favorites With PPP Loans
April 20, 2020  |  Legal

Separate class-action lawsuits were filed against Wells Fargo, Frost Bank, JPMorgan Chase, US Bancorp and Bank of America, alleging that the financial institutions (FIs) unlawfully...

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JPMorgan: $26B Worth Of SMB Relief Loans In The Pipeline
JPMorgan: $26B Worth Of SMB Relief Loans In The Pipeline
April 17, 2020  |  Loans

JPMorgan Chase & Co. says it has $26 billion in small business relief applications lined up for when Congress approves more funding for the Small Business Association...

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Banks’ $25B Loan Reserves Show Grim Expectations For Economic Road Ahead
Banks’ $25B Loan Reserves Show Grim Expectations For Economic Road Ahead
April 16, 2020  |  Economy

Against a backdrop where Labor Department data showed 5.2 million additional Americans filed for unemployment, it may make sense that banks’ outlooks for the future...

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Today In Payments: Amazon Will Lower Affiliate Commissions; Agricultural Bank Of China Pilots App That Supports CBDC
Today In Payments: Amazon Will Lower Affiliate Commissions; Agricultural Bank Of China Pilots App That...
April 15, 2020  |  News

In today’s top news, Amazon will lower commission rates for the Amazon Associates program, while one of China’s state-owned banks has a mobile pilot app that supports...

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Today In Payments: SMB Aid Running Out As Stalemate Continues; Food Delivery Apps Face Lawsuit
Today In Payments: SMB Aid Running Out As Stalemate Continues; Food Delivery Apps Face Lawsuit
April 14, 2020  |  News

In today’s top news, leaders on Capitol Hill have not agreed on a new coronavirus relief package, and food delivery apps are facing a lawsuit...

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JPMorgan Says It’s Processing 300,000 PPP Loans
JPMorgan Says It’s Processing 300,000 PPP Loans
April 14, 2020  |  Earnings

JPMorgan Chase reported results that showed the impact of the coronavirus, especially toward the end of the quarter, reflecting declines in consumer spending – and...

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Today In Payments: Amazon Puts New Online Grocery Customers On Hold; JPMC Requires 700 Credit Score For New Mortgages
Today In Payments: Amazon Puts New Online Grocery Customers On Hold; JPMC Requires 700 Credit Score...
April 13, 2020  |  News

In today’s top news, Amazon will put new customers for its grocery delivery service on a waitlist and JPMorgan Chase is raising its standards for...

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JPMC’s Dimon Assures Bank’s Health, Plans To Improve Diversity In Annual Shareholders’ Letter
JPMC’s Dimon Assures Bank’s Health, Plans To Improve Diversity In Annual Shareholders’ Letter
April 06, 2020  |  Coronavirus

Jamie Dimon, chief executive officer of JPMorgan Chase, sent out his annual letter to shareholders on Monday (April 6), outlining strategies amid the worldwide coronavirus...

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