JPMorgan Creates Senior Role for Supervising Junior Bankers

JPMorgan Chase has introduced a new global position to oversee junior bankers in response to the tragic death of a Bank of America associate, prompting a reevaluation of how young

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JPMorgan Chase in negotiations with Apple for credit card partnership

Apple is currently in talks with JPMorgan Chase to potentially take over its credit card program from Goldman Sachs. The discussions are still in the early stages, with key details

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New FDIC Rule Requires Banks to Retain Fintech Customer Data Following Synapse Controversy

The Federal Deposit Insurance Corporation recently proposed a new rule requiring banks to maintain detailed records for customers of fintech apps following the collapse of Synapse, which left thousands of

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Goldman Sachs anticipates $400 million impact in Q3 due to consumer business overhaul

Goldman Sachs is set to take a $400 million pretax hit to its third-quarter results as it continues to unwind its consumer business. CEO David Solomon announced that the bank

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JPMorgan Chase Shares Decline 5% Due to Update on Interest Income and Expense Outlook

JPMorgan Chase shares experienced a 5% decline after the bank’s president expressed concerns about overly optimistic expectations regarding net interest income and expenses for 2025. While aiming to be near

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Federal Reserve announces new banking regulation following successful reform on Wall Street

A top Federal Reserve official announced changes to proposed U.S. banking regulations that would reduce the additional capital large institutions must hold by approximately 50%. The regulatory overhaul, known as

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