By the end of December some U.S. bank customers may begin to notice features of the new Zelle instant payments network appearing on their mobile phone and online banking apps as the financial industry tries to catch up to technology company rivals, such as Venmo. 478 more words
Tags » JPMorgan
J.P. Morgan might sell out of its Chinese securities joint venture amid higher competition for stock and bond underwritings and sales.
The news came today in a filing by its partner First Capital Securities of Shenzhen, which holds a majority of the business, according to Chinese law. 154 more words
JPMorgan has encountered some of the cross-selling issues that have recently plagued Wells Fargo — but it’s nothing “systemic.”
That’s according to chief financial officer Marianne Lake, who said on a call following third-quarter earnings that JPMorgan is conducting a deep-dive investigation following the news about its competitor. 235 more words
J.P. Morgan Chase , the biggest U.S. bank by assets, reported a 7.6% drop in quarterly profit after recording a tax expense, compared with a rare tax benefit a year earlier. 193 more words