A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws. In the federal civil complaint, the Consumer Financial Protection Bureau asserts that the banks rushed to … Read more
A “new” TikTok trend claiming people could get free money from Chase Bank ATMs is nothing more than old-fashioned check fraud, the company says. The trend involved depositing a check for a high amount and taking out most of the money before the check bounced. On Thursday, a post about the scam on X was … Read more
JP Morgan CEO Jamie Dimon urged the next president of the United States not to “pander to base politics or cater to extremes” — but refused to endorse either Donald Trump or Kamala Harris. The 68-year-old penned an op-ed in the Democrat-backing Washington Post newspaper in which he laid out his views on the forthcoming … Read more
This article originally appeared on Business Insider. A longtime JPMorgan executive who has kept a low public profile while cultivating a reputation as a successful trader with a talent for managing risk is emerging as a contender to succeed Jamie Dimon as chief executive. Dimon, the longest-tenured Wall Street CEO, has not revealed plans to … Read more
Volodymyr Zelensky is used to getting his way when it comes to money. Look at the untold billions US taxpayers have given his country to defeat Russian aggression. Money from the private sector has been much less easy. Witness the chilly reception he received from bankers this past week at the World Economic Forum in … Read more
