Jpmorgan Chase Co news and trends

US Banks Brace for Surge in Bad Debt Write-Offs
Banking // October 11, 2023

The largest U.S. banks are reportedly bracing themselves for a surge in bad debt write-offs, the highest since the early days of the pandemic. JPMorgan Chase & Co., Citigroup, Wells Fargo and Bank of America are expected to report a combined $5.3 billion in net...

JPMorgan Pursues Silicon Valley Startups and VC Backers
Startups // October 11, 2023

JPMorgan Chase & Co., the largest bank in the United States, is reportedly aggressively positioning itself as the leading financial partner for tech companies in Silicon Valley. After the collapse of Silicon Valley Bank (SVB), JPMorgan sees an opportunity to fill the void and attract the...

JPMorgan CEO Jamie Dimon Says AI Promises Healthier Future
artificial intelligence // October 02, 2023

Artificial intelligence (AI) is rapidly changing the way we work and live, JPMorgan Chase CEO Jamie Dimon said. In a Monday (Oct. 2) interview with Bloomberg TV, Dimon discussed the potential impact of AI on the future of work, Bloomberg reported Monday. Dimon predicted that AI...

JPMorgan Chase CEO Criticizes Capital Rules Proposed by US Regulators
Bank Regulation // September 11, 2023

Jamie Dimon, the chairman and CEO of J.P. Morgan Chase & Co., has reportedly voiced his criticism of the stricter capital rules proposed by U.S. regulators. Speaking at a conference in New York, Dimon expressed concerns that these regulations could hinder economic growth, Reuters reported Monday (Sept. 11)....

Quick Reads
JPMorgan CEO Jamie Dimon to Sell 1 Million Shares

October 27, 2023
JPMorgan Chase & Co. Chairman and CEO Jamie Dimon and his family plan to sell 1 million shares of JPMorgan stock. They are doing so for financial diversification and tax-planning purposes, starting in 2024, the bank said in a Friday (Oct. 27) filing with the Securities and Exchange Commission (SEC). “This is Mr. Dimon’s first such stock sale during his tenure at […]

US Banks Brace for Surge in Bad Debt Write-Offs

October 11, 2023
The largest U.S. banks are reportedly bracing themselves for a surge in bad debt write-offs, the highest since the early days of the pandemic. JPMorgan Chase & Co., Citigroup, Wells...

JPMorgan Pursues Silicon Valley Startups and VC Backers

October 11, 2023
JPMorgan Chase & Co., the largest bank in the United States, is reportedly aggressively positioning itself as the leading financial partner for tech companies in Silicon Valley. After the collapse of...

JPMorgan CEO Jamie Dimon Says AI Promises Healthier Future

October 02, 2023
Artificial intelligence (AI) is rapidly changing the way we work and live, JPMorgan Chase CEO Jamie Dimon said. In a Monday (Oct. 2) interview with Bloomberg TV, Dimon discussed the potential...