Jpmorgan Chase/page/2 news and trends

From Banking to Binge-Watching: How AI Spots the Unseen
artificial intelligence // October 28, 2024

Machine learning algorithms scan millions of transactions in banks’ fraud detection centers, flagging suspicious patterns human analysts might miss. Similar mathematical models help Netflix predict which shows subscribers want to watch next and guide Walmart’s inventory decisions. These are examples of artificial intelligence (AI) models...

As Consumer Banking Retreats, Goldman Eyes Deeper Dive Into Corporate Markets
Earnings // October 15, 2024

As is always the case when Wall Street heavy hitters weigh in with earnings, the markets and financial trade publications parse the data and management commentary for insight on investment banking. For Goldman Sachs, the latest earnings report on Tuesday (Oct. 15) offered variations on...

JPMorgan: State and Local Governments Confront Obstacles to Digital Disbursements
Digital Payments // October 15, 2024

From the state taxing authorities to the state administrators who disburse federal funds to the local utility companies, state and local governments distribute trillions of disbursements every year to their citizens. But paper checks still abound, and the overwhelming majority of those citizens rate their...

JPMorgan CFO Says Consumer Spend Returning to ‘Normal’
Earnings // October 11, 2024

As 2024 draws to a close, and as evidenced by management remarks and data in the latest earnings results from JPMorgan Chase, posted on Friday (Oct. 11), consumer spending, in the words of CFO Jeremy Barnum, is seeing a period of “normalization” as consumers are...

Interviews & Exclusives
JPMorgan CFO Says Consumer Spend Returning to ‘Normal’

October 11, 2024
As 2024 draws to a close, and as evidenced by management remarks and data in the latest earnings results from JPMorgan Chase, posted on Friday (Oct. 11), consumer spending, in the words of CFO Jeremy Barnum, is seeing a period of “normalization” as consumers are on “solid footing.” Spending growth is still growth. “I think […]

3 Things to Know as Private Credit Heads Toward a $2 Trillion Industry

October 02, 2024
The private credit market is booming — and has the potential to reshape lending, and risk, too, in financial services. Generally and conceptually speaking, the private lending market, estimated by...

Pressures on Lower-Income Consumers Signal Pain for Beauty and Apparel Merchants

July 22, 2024
T.S. Eliot wrote that the world would end not with a bang but a whimper. It may be the case that the unstoppable wave of consumer spending may end that...

PayPal Wants to Monetize the Connected Shopper With Ads

May 28, 2024
Following a trend that has been predicted since JPMorgan Chase announced Chase Media in early April, PayPal has announced the creation of a new advertising division, PayPal Ads, which aims...

Quick Reads
Bank of America May Ask Courts to Resolve CFPB Zelle Investigation

October 30, 2024
Bank of America may ask a court to resolve the Consumer Financial Protection Bureau’s (CFPB) investigation of the bank’s processing of payments through the Zelle network. The bank said in a Tuesday (Oct. 29) filing with the Securities and Exchange Commission (SEC) that it has been responding to the CFPB’s inquiry. “The CFPB staff has […]

Dimon Says Regulators Make It Difficult for Companies to Go Public

October 08, 2024
JPMorgan Chase CEO Jamie Dimon said Tuesday (Oct. 8) that regulators in the U.S. and the U.K. have made it difficult for companies to go public. Speaking in a Bloomberg Television...

OpenAI Liquidity Reaches $10 Billion With New Credit Facility

October 03, 2024
The world’s biggest companies can’t seem to stop giving OpenAI money. One day after securing $6.6 billion in new funding from an array of tech giants and venture capitalists, the...

Russian Court Freezes $372 Million in BNY and JPMorgan Chase Assets

October 02, 2024
Reuters reported late Wednesday that a Moscow court has frozen $372 million in assets held by Bank of New York Mellon and JPMorgan Chase. The funds were held in accounts...