Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "JPMorgan Chase Co"


6 mentions found


Harvard professor Arthur Brooks emphasized curbing bad spending habits for financial happiness. Brooks noted that rising credit card debt is affecting the financial well-being of many Americans. AdvertisementBestselling author and Harvard professor Arthur Brooks believes that achieving financial happiness isn't solved by chasing extra income but by curbing bad spending habits. AdvertisementBorrowing for consumption is the most damaging financial habitBrooks pointed to the recent rise in credit card debt as a factor that affects many people's financial happiness. Credit card debt has become a crisis in the US following the pandemic when many Americans used up their savings.
Persons: Arthur Brooks, Brooks, Organizations: Service, Harvard Kennedy School, Harvard Business School, JPMorgan Chase, JPMorgan Chase Co
On Thursday's "Ask Halftime," traders answered questions from CNBC Pro subscribers about which stocks, bonds and funds to buy, hold or sell. Bill Baruch of Blue Line Futures laid out his technical thesis on how Bank of America and JPMorgan Chase could break out if either were to trade above current share price resistance levels. Finally, Brenda Vingiello of Sand Hill Global Advisors shared why she prefers Chevron over Exxon Mobil as an energy play.
Persons: Bill Baruch, JPMorgan Chase, Brenda Vingiello Organizations: CNBC Pro, Blue, Bank of America, JPMorgan, Global Advisors, Chevron, Exxon Mobil Locations: Sand
JPMorgan reaches settlement with Epstein victims
  + stars: | 2023-06-12 | by ( Chris Isidore | ) edition.cnn.com   time to read: +1 min
New York CNN —JPMorgan Chase has settled a class action suit from Jeffrey Epstein’s sexual abuse victims. The victims had accused the bank of enabling sex trafficking by the deceased financier when he was a client. The bank and the victims’ lawyers said the settlement is in the best interests of all parties, “especially the survivors who were the victims of Epstein’s terrible abuse,” they said in the statement. Terms of the settlement agreement were not disclosed. Victims of Epstein had previously reached a $75 million settlement with Deutsche Bank.
Persons: JPMorgan Chase, Jeffrey Epstein’s, , Jes Staley, Epstein Organizations: New, New York CNN, JPMorgan, US, US Virgin Islands, Barclays, Deutsche Bank Locations: New York, US Virgin
JPMorgan Chase, the nation's largest bank by assets, is getting bigger every day. The bank's second-in-command said the fintech threat is driving some of its expansion plans. 2, Daniel Pinto, suggested that the looming fintech threat is also responsible for JPMorgan's retail banking expansion in Europe. It plans to spend $15.3 billion on tech in 2023, up $14 billion from last year. Last month, JPMorgan agreed to pay about $10.6 billion to buy First Republic Bank after the smaller bank was seized by regulators.
Persons: JPMorgan Chase, Daniel Pinto, Jamie Dimon's, fintechs, Dimon's, Pinto, Bernstein, JPMorgan Organizations: JPMorgan Chase, JPMorgan, Morning, Bloomberg, First, Bank Locations: Europe, United States, Germany, America
In this article HJPM Follow your favorite stocks CREATE FREE ACCOUNTA mugshot of Jeffrey Epstein released by the U.S. Justice Department. The subpoenas demand communications and documents related to the bank and Epstein, The Journal noted. The bank earlier this month sued former JPMorgan investment banking chief Jes Staley, claiming he is responsible for the suits related to Epstein. A lawyer for the Virgin Islands earlier this month said in court that Dimon knew in 2008 that Epstein was a sex trafficker. That was the year that Epstein first was hit with sex crime charges in state court in Florida.
Stock futures held steady in overnight trading Monday after the market staged a relief rally on the hope that the banking turmoil would be contained. S&P 500 futures and Nasdaq 100 futures were also little changed. Investors also welcomed news that JPMorgan Chase could be advising embattled First Republic Bank on strategic alternatives. First Republic Bank sold off another 47% during the session, extending its month-to-date decline to 90% as the collapse of Silicon Valley Bank made investors worried about other banks with large uninsured deposit bases. The SPDR Regional Banking ETF (KRE) rose 1% Monday after dropping 14% last week, with PacWest, First Citizens and Fifth Third Bancorp among the names leading the rebound.
Total: 6