JPMorgan Chase & Co., the largest bank in the United States, is reportedly aggressively positioning itself as the leading financial partner for tech companies in Silicon Valley. After the collapse of Silicon Valley Bank (SVB), JPMorgan sees an opportunity to fill the void and attract the...
The Federal Deposit Insurance Corporation (FDIC) has identified supervision shortcomings around the failure of First Republic Bank. In an internal review released Friday (Sept. 8), the FDIC evaluated its supervision of First Republic Bank from 2018 until its failure in May. The review shed light...
J.P. Morgan Chase will close 21 of the 84 branches of its recent acquisition, First Republic Bank. About 100 employees will be affected by the closures, Reuters reported Thursday (June 1). They will be offered six-month transition assignments and will then be able to apply for other roles...
The recent banking crisis has strained the U.S. government’s deposit insurance fund. That’s according to data released by the Federal Deposit Insurance Corp. (FDIC) Wednesday (May 31) as part of its quarterly banking profile. It showed that the government’s Deposit Insurance Fund had $116 billion...
March 20, 2023
No surprise – this past week was all about the banking sector. Investors fled banks, worried about how bad the contagion would get in the wake of the collapses of Signature Bank and Silicon Valley Bank. To that end, the banking group housed within the CE 100 Index plunged 9.5% And yet, with the help […]
February 06, 2024
J.P. Morgan Chase, one of the largest banks in the United States, reportedly plans to open more than 500 new bank branches over the next three years. The move aims to expand the bank’s presence in areas where it lacks representation, Reuters reported Tuesday (Feb. 6). J.P. Morgan’s expansion comes at a time when some […]
October 11, 2023
JPMorgan Chase & Co., the largest bank in the United States, is reportedly aggressively positioning itself as the leading financial partner for tech companies in Silicon Valley. After the collapse of...
September 08, 2023
The Federal Deposit Insurance Corporation (FDIC) has identified supervision shortcomings around the failure of First Republic Bank. In an internal review released Friday (Sept. 8), the FDIC evaluated its supervision...
June 01, 2023
J.P. Morgan Chase will close 21 of the 84 branches of its recent acquisition, First Republic Bank. About 100 employees will be affected by the closures, Reuters reported Thursday (June 1). They will...
