Tag: JPMorgan
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JPMorgan begins suing customers who allegedly stole thousands of dollars in ‘infinite money glitch’
JPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowed them to withdraw funds before a check bounced. The bank on Monday filed lawsuits in at least three federal courts, taking aim at some of the people who withdrew the highest amounts in the so-called…
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Trump falsely claims he was endorsed by JPMorgan CEO Jamie Dimon
Former Donald Trump on Friday falsely claimed in a social media post that he had been endorsed by longtime JPMorgan Chase CEO Jamie Dimon. A representative for Dimon said he hasn’t endorsed anyone in the 2024 presidential race, and Trump quickly tried to distance himself from the claim. Trump first posted about the endorsement on his…
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Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams
Buried in a roughly 200-page quarterly filing from JPMorgan Chase last month were eight words that underscore how contentious the bank’s relationship with the government has become. The lender disclosed that the Consumer Financial Protection Bureau could punish JPMorgan for its role in Zelle, the giant peer-to-peer digital payments network. The bank is accused of failing to kick criminal accounts off…
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JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns
JPMorgan Chase has created a new global role overseeing all junior bankers in an effort to better manage their workload after the death of a Bank of America associate in May forced Wall Street to examine how it treats its youngest employees. The firm named Ryland McClendon its global investment banking associate and analyst leader in a memo sent this month, CNBC…
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Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs
Apple is in discussions with JPMorgan Chase for the bank to take over the tech giant’s flagship credit card program from Goldman Sachs, a person with knowledge of the negotiations said. The discussions are still early and key elements of a deal — such as price and whether JPMorgan would continue certain features of the Apple Card — are yet to…