Senator proposes new bill to curb financial elder abuse. Alice Lin 80-year-old Alice Lin was tricked into wiring her life savings of $720,000 to an online scammer in August 2022. The grave situation made the Southern California widow contemplate suicide. However, Lin, who also takes care of her disabled son, decided to fight back for … Read more
In response to the tragic death of 35-year-old associate Leo Lukenas III, JPMorgan Chase and Bank of America have announced significant changes to work hours for their junior employees. Lukenas, a former Green Beret and banker, was reportedly working up to 100 hours per week before his untimely death. His case has shed light on … Read more
An 80-hour workweek means working from 8:30 a.m. to 10 p.m. six days a week — not the norm for most Americans, who log an average of 34 hours per week. But for some junior bankers on Wall Street, an 80-hour week maximum workweek will be a relief. JPMorgan Chase is now instituting a limit … 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
JPMorgan Chase CEO Jamie Dimon is asking current presidential candidates to unite the U.S. in a new op-ed, without officially endorsing Donald Trump or Kamala Harris. Dimon published an op-ed in the Washington Post on Friday titled “Our next president must restore our faith in America” and urged the next President to win over all … Read more
JPMorgan Asset Management strategist Michael Cembalest had previously predicted that President Joe Biden would drop out from this year’s presidential race in his list of “top 10 possible surprises for 2024” published in the company’s Jan. 1 “Eye on the Market Outlook” report. “President Biden withdraws sometime between Super Tuesday and the November election, citing … Read more
JPMorgan Chase CEO Jamie Dimon challenges traditional hiring practices, arguing skills matter more than past mistakes, as his company embraces second chances for ex-felons – and hires them. With over 240,000 employees, America’s largest bank, JPMorgan, is committed to recruiting talent from various backgrounds, including those with criminal records. In a recent LinkedIn interview, CEO … Read more
JPMorgan Chase CEO Jamie Dimon appeared on “This is Working” with LinkedIn Editor-in-Chief Dan Roth on Thursday to discuss the future of the financial workplace, including his opinion on how AI will alter work as we know it. Though business leaders and CEOs differ in their sentiments regarding the technology, Dimon is all in. Related: … Read more
New York Mets owner and billionaire investor Steven A. Cohen moves with speed and agility when it comes to investing. Cohen’s high-risk, high-reward investing approach has earned him a personal wealth of $19.8 billion. He is the founder of the now-defunct and one of the most successful hedge funds, SAC Capital Advisors, which was charged … Read more
A new stock exchange in Dallas, Texas, is set to begin securities trading next year, with plans to start listing companies by 2026. The Texas Stock Exchange (TXSE) Group has secured $120 million in funding from over two dozen investors, including Larry Fink’s Blackrock and Kenneth Griffin’s Citadel, making it “the most well-capitalised exchange entrant … Read more
