Latest Jamie Dimon News

FILE - In this Jan. 15, 2015, file photo, a Citibank sign hangs above a branch office in New York.  The tens of millions of consumers and businesses out of work from the coronavirus pandemic weighed heavily on the financial results of Wall Street’s biggest banks on Tuesday, July 14, 2020, with the likes of JPMorgan Chase, Wells Fargo and Citigroup setting aside tens of billions of dollars to cover potentially bad loans that were just fine only a few months ago. (AP Photo/Mark Lennihan, File)

Banks set aside billions, bracing for more economic pain

Jul. 14, 2020 2:45 PM EDT

NEW YORK (AP) — With tens of millions of Americans out of work and many businesses shut down or operating under restrictions due to the coronavirus, three of the nation's biggest banks set aside nearly $30 billion in the second quarter to cover potentially bad loans that were fine only a few months ago. ...

FILE- This Jan. 11, 2016, file photo shows a Chase bank branch in New York.  The coronavirus pandemic is weighing heavily on the financial health of JPMorgan Chase. The nation’s largest financial company said Tuesday, July 14, 2020, that it set aside billions of dollars in the second quarter to cover potential losses from all the businesses and consumers who are unable to pay their debts due to the slumping U.S. economy. (AP Photo/Mark Lennihan, File)

JPMorgan profit hit hard by pandemic, as consumers struggle

Jul. 14, 2020 7:45 AM EDT

NEW YORK (AP) — The coronavirus pandemic is weighing heavily on the financial health of JPMorgan Chase, as the nation’s largest financial company set aside billions in the second quarter to cover potential losses from all the businesses and consumers who are unable to pay their debts due to the...

FILE - In this June 6, 2020, file photo, a protester lies down for 8 minutes and 46 seconds during a protest at the Utah State Capitol in Salt Lake City. Utah lawmakers have taken a first step toward banning police officers from placing their knees on the necks of people being detained in the type of chokehold used by a Minnesota police officer in the death of George Floyd. (AP Photo/Rick Bowmer, File)

The Latest: Oregon deputies accused of pinning child by neck

Jun. 18, 2020 7:52 PM EDT

TOP OF THE HOUR: — Lawsuit: Oregon boy, 12, pinned to ground by deputies with knee to his neck. — Denver officer won't be prosecuted in fatal shooting of black man. — Utah lawmakers vote to ban knee-to-neck chokeholds by police. — University of Florida ending “gator bait”...