Latest JPMorgan Chase & Co News

Hong Kong loses shine amid tough coronavirus restrictions

Dec. 07, 2021 06:45 AM EST

HONG KONG (AP) — The bustling, cosmopolitan business hub of Hong Kong may be losing its shine among foreign companies and expatriates with its stringent anti-pandemic rules requiring up to 21 days of quarantine for new arrivals. The restrictions are discouraging both visitors and...

Capital One drops all overdraft fees, latest bank to do so

Dec. 01, 2021 11:19 AM EST

NEW YORK (AP) — Capital One said Wednesday that will get rid of all overdraft fees, the latest bank to do so this year and one of the largest financial institutions to shy away from the long-hated practice. The Virginia-based bank said it will still allow customers to...

JPMorgan's Dimon regrets joke about Chinese Communist Party

Nov. 24, 2021 12:04 PM EST

NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon said Friday that “he truly regrets” a quip he made this week about JPMorgan outlasting the Chinese Communist Party. Dimon was speaking at an event in Boston where he said, “I was just in Hong Kong and I made a joke...

Vonage, Lee Enterprises rise; Activision, Target fall

Nov. 22, 2021 16:15 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Activision Blizzard Inc., down 18 cents to $62.20. CEO Bobby Kotick reportedly told staff that he would consider leaving the videogame maker if he couldn't fix...

Stocks end mostly lower, but tech gains push Nasdaq higher

Nov. 19, 2021 17:10 PM EST

Wall Street closed out a week of choppy trading with stocks mostly lower Friday, though gains for several tech companies pushed the Nasdaq composite to another record high and its first close over 16,000 points. The S&P 500 index gave up 0.1% a day after setting an...

Louisiana bars banking giant from bond deal over gun policy

Nov. 18, 2021 16:48 PM EST

BATON ROUGE, La. (AP) — Louisiana officials Thursday blocked banking giant JP Morgan Chase from participating in a bond refinancing deal, in Republicans' escalating effort to keep some large investment firms sidelined from state work because they limit business with firearm manufacturers. ...

Stocks retreat in Asia as China inflation pushes higher

Nov. 09, 2021 23:18 PM EST

Asian shares fell Wednesday, tracking Wall Street’s retreat, with Chinese benchmarks leading the decline after the government reported a surge in inflation in October. China's consumer price index, a main measure of inflation, rose 1.5% in October, up from 0.7% the...

Treasury Department names first counselor for racial equity

Oct. 25, 2021 20:45 PM EDT

NEW YORK (AP) — The Treasury Department has hired a former JPMorgan Chase executive to head a new government program aimed at combatting racial inequality issues in banking and other financial-services industries. Treasury Secretary Janet Yellen said Monday that Janis...

As Bitcoin goes mainstream, Wall Street looks to cash in

Oct. 19, 2021 11:55 AM EDT

NEW YORK (AP) — Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day. Cryptocurrencies have surged so much that their total value has reached nearly $2.5 trillion, rivaling the world's most valuable company, Apple, and have...

Goldman Sachs' profits jump 60% helped by deal-making frenzy

Oct. 15, 2021 10:34 AM EDT

NEW YORK (AP) — Goldman Sachs' profits jumped 60% in the third quarter, as the deal-making bonanza that dominated financial markets this summer brought in hundreds of millions of dollars in fee revenue for the investment bank. The New York-based firm said Friday that...