Latest JPMorgan Chase & Co News
Banks' growing reliance on chatbots to handle customer service tasks worries consumer watchdog
NEW YORK (AP) — Can you trust Erica, or Sandi or Amy to increasingly control parts of your financial life without giving you inaccurate information or sending money to the wrong place? That's what the Consumer Financial Protection Bureau is asking in a report released Tuesday,...
Chase says online banking issue now resolved after bug causes double transactions and fees
NEW YORK (AP) — Customers of Chase's online banking services saw double transactions, fees and payments in their accounts on Friday, in a glitch that was not fixed until late in the day. Numerous Chase customers had posted on social media that their rent or bill payments were taken...
JPMorgan CEO Jamie Dimon says he never heard of Jeffrey Epstein until after his 2019 arrest
NEW YORK (AP) — JPMorgan CEO Jamie Dimon has testified that he never heard of Jeffrey Epstein and his crimes against teenage girls and young women until the financier was arrested in 2019, according to a transcript of the videotaped deposition released Wednesday. Dimon said he...
First Republic hit with 1,000 job cuts after California bank was seized and sold to JPMorgan
NEW YORK (AP) — About 1,000 employees of First Republic Bank are being let go about a month after it was seized by regulators and acquired by JP Morgan Chase. The vast majority of First Republic employees, roughly 7,200 before it ran into trouble, were offered jobs by JPMorgan,...
Judge greenlights JPMorgan lawsuit blaming ex-executive in Jeffrey Epstein scandal
NEW YORK (AP) — A federal judge said Wednesday that he won’t block JPMorgan’s legal efforts to blame a former executive of hiding Jeffrey Epstein’s decades-long sex abuse to keep the financier as a client. Judge Jed Rakoff in Manhattan denied requests by lawyers for the...
JPMorgan Chase defends lawsuit by blaming US Virgin Islands for Jeffrey Epstein's sex crimes
NEW YORK (AP) — JPMorgan Chase defended itself on Tuesday against a lawsuit by the U.S. Virgin Islands accusing it of empowering Jeffrey Epstein to abuse teenage girls by arguing in court papers that it was the islands, not the bank, that enabled the financier to commit his crimes. ...
Infertility is common in the US, but insurance coverage remains limited
Jessica Tincopa may leave the photography business she spent 14 years building for one reason: to find coverage for fertility treatment. After six miscarriages, Tincopa and her husband started saving for in vitro fertilization, which can cost well over $20,000. But the pandemic...
Editorial Roundup: United States
Excerpts from recent editorials in the United States and abroad: May 3 The Washington Post on court costs that trap the poor. Nearly a decade ago, a federal investigation into the Ferguson, Missouri, police department drew widespread attention to how...
Is my money safe? What you need to know about bank failures
NEW YORK (AP) — Recent turmoil in the banking industry may have you worried about your money. Shares of PacWest, a small regional bank based in Los Angeles, plunged almost 40% Thursday after the company confirmed it may put itself up for sale. Anxiety over potential bank runs has...
The banking crisis isn’t over. But how bad will it get?
NEW YORK (AP) — Uncertainty continues to pummel the banking industry, despite assurances from financial regulators and bankers such as Jamie Dimon this week that the worst of the recent crisis is over and the health of the banking system remains strong. Bank shares have sold off on...
