Frank Founder Charlie Javice Denies JP Morgan Allegations That She Duped Bank Into Buying Her Startup For $175M

Frank founder Charlie Javice said JP Morgan CEO Jamie Dimon was “personally” invested in seeing through the bank’s $175 million acquisition of the student-focused startup. POOL/AFP v...

A Court Case With High Implications For The Tech Sector And Inflation Still Higher Than Expected

Getty Images TL;DR A court case against Google has the potential to make social media giants responsible for any content posted on their platforms, which would have far reaching implications for inves...

Ukraine plots post-war rebuilding effort with JPMorgan Chase as economic advisor

A closer shot of Ukraine President Volodymyr Zelenskyy and the Ministry of Economy (MoE) meeting with senior members of J.P. Morgan. Coutesy: JP Morgan Summit Ukraine’s government signed an agre...

Goldman Sachs CEO David Solomon gets 29% pay cut to $25 million

David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023.  Adam Galica | CNBC Goldman Sachs CEO David Solomon will get a $25 milli...

JPMorgan CEO Says Rates Could Hit 6% And Bitcoin Is “A Hyped Up Fraud”

(Photo by Mark Wilson/Getty Images) Getty Images Key Takeaways JPMorgan CEO Jamie Dimon has given an interview at the World Economic Forum in Davos, Switzerland, and he wasn’t mincing words. He believ...

Dimon says Congress shouldn’t play games with U.S. creditworthiness

Jamie Dimon, President, CEO & Chairman of JP Morgan Chase, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 19th, 2023.  Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon said Thurs...

Jamie Dimon says rates will rise above 5% because there is still ‘a lot of underlying inflation’

JPMorgan Chase CEO Jamie Dimon believes that interest rates could go higher than what the Federal Reserve currently projects as inflation remains stubbornly high. “I actually think rates are pro...

JPMorgan Chase (JPM) earnings 4Q 2022

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday...

JPMorgan Chase shutters student financial aid website Frank

Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan ...

Jamie Dimon Is Changing His Tune About an Economic Hurricane. He’s Not Alone.

After a difficult 2022 for investors, there may be rays of light peeking through at the start of the new year. Take heart from JPMorgan Chase CEO Jamie Dimon. He clarified Tuesday that maybe he should...

Investing In A Higher Interest Rate Environment

While Jerome H. Powell & Co. hiked the target for the Fed Funds rate yet again this week, the current benchmark lending rate of 4.5% is still below the average rate of 4.92% since 1971. And, despi...

Dimon Highlights Need For More Oil And Gas Investment As Vanguard Bails On ESG Group

UNITED STATES – SEPTEMBER 22: Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate … [+] Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nat...

Americans Have Lost $6.8 Trillion This Year As Stocks Crashed, Housing Market Collapsed And Savings Dwindled

Topline As the Federal Reserve works to combat rising inflation by slowing down the economy, the wealth of American households has evaporated—collapsing by more than $6.8 trillion this year as America...

Walmart, JPMorgan, GM CEOs talk about possible slowdown

General Motors CEO Mary Barra speaks during a visit of the US president to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP ...

Inflation Fears Did Not Increase In November—First Time In More Than A Year

Topline For the first time in more than a year, Americans’ inflation fears have not increased, according to a new Gallup poll, as high prices, led by the cost of gas, continue to fall heading into the...

JPMorgan Billionaire Dimon Warns That Americans’ Pent-Up Savings Will Deteriorate—Fueling Recession Next Year

Topline Billionaire JPMorgan CEO Jamie Dimon warned on Tuesday that the strength of consumer spending is likely to wane as persistent inflation and higher interest rates force consumers to wind down e...

Jamie Dimon says Ukraine war shows we still need cheap, secure energy from oil and gas

Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images One key l...

Jamie Dimon says inflation eroding consumer wealth may cause recession next year

JPMorgan Chase CEO Jamie Dimon said that inflation could tip the U.S. economy into recession next year. While consumers and companies are currently in good shape, that may not last much longer, Dimon ...

The Economists Who Cried “Recession!”

Wall Street’s Fables: The Economists Who Cried “Recession!” getty At a recent meeting of retail industry executives, the words on everyone’s lips were “the coming recession.” I’m not an economist, but...

Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession

Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Elon Musk thinks a recession is coming and worrie...

JPMorgan Forecasts ‘Mild Recession’ In 2023— Here’s What Major Financial Institutions Predicted This Week

Topline JPMorgan became the latest major financial institution to predict a recession in the U.S. in 2023—albeit a “mild” one—joining banking giants like Bank of America making similar projections eve...

Goldman Sachs unveils crypto classification system, aimed at institutional investors

A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Daniel Acker | Bloomberg | Getty Images Goldman Sachs is making a bid t...

JPMorgan Chase unveils payments platform for landlords and tenants

A JPMorgan logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images JPMorgan Chase is betting that landlords and tenants are finally ready to ditch paper checks and em...

JPMorgan president Daniel Pinto says a recession is likely and markets may fall further as the Fed raises rates

Daniel Pinto, co-president and chief operating officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, D.C., Oct. 18, 2...

Musk Offers Dismal Recession Prediction: ‘Probably Until Spring 2024’

Topline Billionaire Tesla and SpaceX CEO Elon Musk became the latest high-profile corporate bigwig to offer a dismal economic outlook amid high inflation and three rounds of interest rate hikes, doubl...

Elon Musk says a global recession could last until the spring of 2024

Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Tesla founder and CEO Elon Musk thinks the global economic de...

An often-overlooked economic measure is signaling serious trouble ahead

Employees work at the BMW manufacturing plant in Greer, South Carolina, October 19, 2022. Bob Strong | Reuters The economy sent a low-key signal Thursday that a recession is looming — and that the Fed...

Here’s what the Wells Fargo cross selling scandal means for the bank

Wells Fargo is one of the oldest and most powerful banks in the United States. Its reputation today is in tatters, following a notorious scandal that is still unfolding. Reports of fraudulent activity...

J.P. Morgan’s Michael Cembalest Details The Elephants In The Energy Room

Electric power lines deep in the forest. Heavy rain clouds and mountains on the background. getty Every year for the last 12 years, Michael Cembalest, the Chief Investment Officer at J.P. Morgan asset...

Mastercard will help banks offer cryptocurrency trading

A 3D printed Mastercard logo is seen in front of displayed stock graph in this illustration taken September 20, 2021. Dado Ruvic | Reuters Mastercard is looking to bring crypto to the masses by making...

Jamie Dimon says expect ‘other surprises’ from choppy markets after U.K. pensions nearly imploded

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview in London, U.K., on Wednesday, May 4, 2022. Chris Ratcliffe | Bloomberg | Getty Images JPMorga...

JPM (JPMorgan Chase) earnings 3Q 2022

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday...