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Jamie Dimon annual shareholder letter highlights AI potential

by Walter Watson
Jamie Dimon annual shareholder letter highlights AI potential

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. …

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Why private equity has been involved in every recent bank deal

by Anas Siddiqui
Why private equity has been involved in every recent bank deal

Federal Reserve Chair Jerome Powell fist-bumps former Treasury Secretary Steven Mnuchin after a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in …

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Some NYCB deposits may be at risk after another Moody’s downgrade

by Anas Siddiqui
Some NYCB deposits may be at risk after another Moody’s downgrade

A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar | Reuters Regional lender New York Community Bank …

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Jamie Dimon on Capital One-Discover deal: ‘Let them compete’

by Anas Siddiqui
Jamie Dimon on Capital One-Discover deal: ‘Let them compete’

JPMorgan Chase CEO Jamie Dimon isn’t worried about the added competition from a bulked-up Capital One if its $35.3 billion takeover of Discover Financial gets approved. “My view is, let …

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Capital One Discover acquisition has $1.4 billion breakup fee for another buyer

by Anas Siddiqui
Capital One Discover acquisition has .4 billion breakup fee for another buyer

Capital One headquarters in McLean, Virginia on February 20, 2024.  Brendan Smialowski | AFP | Getty Images Capital One‘s blockbuster takeover proposal for Discover Financial includes a $1.38 billion breakup …

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Affirm buy now pay later vendor discusses loans, delinquencies

by Walter Watson
Affirm buy now pay later vendor discusses loans, delinquencies

A young man holds a credit card and uses a laptop for online shopping. Diy13 | Istock | Getty Images Americans shopping online after midnight often make riskier transactions and …

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JPMorgan Chase, Wells Fargo cut overdraft revenue to $2 billion in 2023

by Anas Siddiqui
JPMorgan Chase, Wells Fargo cut overdraft revenue to  billion in 2023

Pedestrians pass a JPMorgan Chase bank branch in New York. Michael Nagle | Bloomberg | Getty Images The three biggest American retail banks collected 25% less overdraft revenue last year …

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NYCB reignites banking industry, commercial real estate fears

by Anas Siddiqui
NYCB reignites banking industry, commercial real estate fears

The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024.  Bing Guan | Bloomberg | Getty Images Embattled lender New York Community Bank …

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Goldman Sachs-backed electricity firm to reach more Americans’ homes

by Anas Siddiqui
Goldman Sachs-backed electricity firm to reach more Americans’ homes

Omar Marques | Lightrocket | Getty Images Goldman Sachs abandoned an ill-fated push into consumer banking in late 2022, but an investment in a Texas energy retailer means its reach …

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JPMorgan Chase shuffles top leaders under Jamie Dimon

by Anas Siddiqui
JPMorgan Chase shuffles top leaders under Jamie Dimon

Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici …

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