JPMorgan Chase is ending 2023 as the leading figure in the U.S. banking sector. The company’s banking operation earned $38.9 billion in profits for the first nine months of the year, or about 18% of the industry total, according to calculations published Wednesday (Dec. 27) by the Financial...
JPMorgan is reportedly overhauling branches acquired in the collapse of First Republic Bank. The country’s largest bank is planning to open several new branches, Reuters reported Monday (Dec. 11), going against a nationwide trend as consumers shift to digital banking. “Branches have been a winning strategy...
J.P. Morgan Chase has retained 90% of First Republic’s clients after acquiring the bank in a government-led auction earlier this year. The achievement reflects J.P. Morgan’s ability to maintain relationships with former First Republic clients and provides an opportunity for further growth, Marianne Lake, J.P....
J.P. Morgan Chase reportedly wants to expand its startup and venture capital (VC) customer base. Speaking during a conference Monday (Oct. 2), CEO Jamie Dimon said the country’s largest bank is courting these customers, a move that comes in the wake of a series of high-profile bank failures...
March 07, 2024
One year after the 2023 banking crisis, America’s regional lenders continue to struggle. A report Thursday (March 7) by Reuters examined the hurdles facing these mid-sized banks, such as higher deposit costs and shaky office building loans, in the wake of the downfall of three banks, Silicon Valley Bank (SVB) and Signature Bank last March, followed by First Republic two months later. […]
December 27, 2023
JPMorgan Chase is ending 2023 as the leading figure in the U.S. banking sector. The company’s banking operation earned $38.9 billion in profits for the first nine months of the year, or about...
December 11, 2023
JPMorgan is reportedly overhauling branches acquired in the collapse of First Republic Bank. The country’s largest bank is planning to open several new branches, Reuters reported Monday (Dec. 11), going against...
December 05, 2023
J.P. Morgan Chase has retained 90% of First Republic’s clients after acquiring the bank in a government-led auction earlier this year. The achievement reflects J.P. Morgan’s ability to maintain relationships...
