Latest JPMorgan Chase & Co News

Female CEOs saw ranks dwindle in 2020; median pay fell 2%

May. 28, 2021 09:00 AM EDT

Most of the women running the biggest U.S. companies saw their pay increase last year, even as the pandemic hammered the economy and many of their businesses. Despite those gains, however, the median pay for female chief executives actually fell in 2020. Already a small...

Bank CEOs tell Congress they'll work to avoid foreclosures

May. 27, 2021 17:22 PM EDT

WASHINGTON (AP) — The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from inflation to their efforts to keep Americans in their homes after government aid to pandemic-hit mortgage holders expires this summer. ...

HSBC exiting US retail banking to focus on wealth management

May. 27, 2021 16:36 PM EDT

NEW YORK (AP) — British banking giant HSBC says it is closing its U.S. retail banking business in order to refocus its efforts on wealth management. The bank will sell 80 East Coast branches to Citizens Bank and another 10 on the West Coast to Cathay Bank. All deposits...

Bank CEOs outline pandemic support; senators split on issues

May. 26, 2021 16:53 PM EDT

WASHINGTON (AP) — The CEOs of the six biggest U.S. banks went before Congress Wednesday, eager to lay out their support for struggling consumers and small businesses hard hit by the pandemic. But lawmakers focused more keenly in a Senate hearing on the contentious...

JPMorgan dives back into fixing health care with new venture

May. 20, 2021 11:40 AM EDT

JPMorgan Chase will take another crack at fixing health care after a push with two other corporate giants dissolved earlier this year. The bank said Thursday that it formed a new business focused on improving care provided for about 285,000 people through its...

Today in History

May. 20, 2021 00:06 AM EDT

Today in History Today is Thursday, May 20, the 140th day of 2021. There are 225 days left in the year. Today’s Highlight in History: On May 20, 1927, Charles Lindbergh took off from Roosevelt Field on Long Island, New York,...

JPMorgan elevates 2 women to run bank's biggest division

May. 18, 2021 11:50 AM EDT

NEW YORK (AP) — JPMorgan Chase will promote two women to jointly manage the bank's consumer finance division — the bank's biggest business by far — potentially signaling that a woman may eventually run the nation's biggest bank. The bank said Tuesday that Marianne...

Asian stocks climb after Wall Street rebound led by Big Tech

May. 13, 2021 23:53 PM EDT

BANGKOK (AP) — Asian shares rose Friday after Wall Street put the brakes on a three-day losing streak with a broad stock market rally powered by Big Tech companies and banks. Shares in big semiconductor manufacturers led the advance in Asia, where almost all markets...

A philanthropic drive to aid Black women is gaining momentum

Apr. 22, 2021 11:20 AM EDT

The needs of Black women and girls have become a focus of philanthropic efforts as major donors seek to narrow a racial wealth gap and address chronic funding disparities for groups that serve minority women. This week's guilty verdicts for Derek Chauvin, the former...

Asian stock markets mixed after Wall St decline

Apr. 20, 2021 00:19 AM EDT

BEIJING (AP) — Asian stock markets were mixed Tuesday after Wall Street was pulled lower by tech stock declines. Tokyo and Hong Kong retreated while Shanghai and Seoul gained. Overnight, Wall Street's benchmark S&P 500 index lost 0.5%. Banks,...