Anti-woke activist targets Jamie Dimon’s JPMorgan for DEI battle
Conservative activists have vowed to target financial giant JPMorgan over corporate diversity policies amid the White House-led crackdown on so-called “awakening” capitalism. Robby Starbuck, a right-wing commentator who has launched a campaign against several major companies in the last six months, has said that he will be working to get his Jamie Dimon-led lender to […]
JPMorgan CEO Jamie Dimon was paid $39M in 2024 — a massive $3M raise
JPMorgan Chase & Co. on Thursday increased longtime CEO Jamie Dimon's 2024 pay package by about 8.3% after the bank posted record profits amid a resurgence in trading and fundraising activity. announced that it had reached $39 million. His compensation includes a base salary of $1.5 million and incentives of $37.5 million. JPMorgan CEO Jamie […]
Anti-DEI activists target banks like Goldman Sachs, JPMorgan: report
Wall Street banks Goldman Sachs and JPMorgan Chase are the latest major companies to feel the heat of anti-DEI activists calling for the repeal or rollback of “woke” policies, according to the report. Two other large financial institutions, Bank of America and Citi, face charges of discriminating against customers based on their political and religious […]
JPMorgan sets up ‘Trump War Room,’ top banker tells Davos
Wall Street giant JPMorgan has set up a “war room” for Donald Trump, one of its executives has revealed, as the 47th president returns to the White House and announces a flurry of new policies. The bank's head of wealth and wealth management, Mary Erdoes, said at the World Economic Forum in Davos, Switzerland, an […]
JPMorgan, Bank of America offer mortgage relief for victims of LA wildfires
JPMorgan Chase and Bank of America will ease mortgage repayment terms for customers affected by the Los Angeles wildfires as residents grapple with one of the most devastating natural disasters in the city's history. Preparations are underway. Parent company JPMorgan announced Monday that Chase Home Lending will offer disaster forgiveness to mortgage customers affected by […]
JPMorgan Chase disables internal comments after criticism of return-to-office
JPMorgan Chase & Co.'s decision to enforce a full-time return-to-office policy sparked a backlash from employees, and the bank disabled comments on the internal webpage announcing the policy, according to the report. The measures, which affect about 300,000 employees, were outlined in an internal memo on Friday, which said the requirements would take effect in […]
JPMorgan estimates insured losses in California wildfires could top $20B
San Diego County Supervisor Jim Desmond talks about how California's policies are impacting residents as wildfires go unchecked. A new analysis from JPMorgan estimates that the overall economic and insurance losses caused by the deadly wildfires that have hit Southern California are likely to be the highest in the state's history. JPMorgan insurance analysts released […]
JPMorgan Chase to order staffers back to office 5 days a week: report
JPMorgan Chase & Co. is reportedly preparing to order employees back to the office five days a week, becoming the latest major bank to end its hybrid work policy. The bank, the largest U.S. bank with more than 300,000 employees worldwide, plans to announce the changes in the coming weeks. According to BloombergThis was reported […]
US Lenders Lose $46,000,000,000 As Customers at Capital One, Citi, JPMorgan Chase, Synchrony, Discover, Citi and Bank of America Face Billions in Delinquencies – The Daily Hodl
Defaults on credit card loans are rapidly increasing in the United States. Financial institutions are currently seeing credit card defaults reach a 14-year high. report Financial Times. Bad credit has forced lenders to write off a massive $46 billion in loans that are believed to be seriously delinquent in the first nine months of 2024. […]
JPMorgan Chase, Bank of America, Citigroup and Wells Fargo Consolidate Power Over Banking Industry Amid Record Profit Share: Report – The Daily Hodl
America's biggest banks are poised to capture the largest share of banking industry profits in nearly a decade after explosive profit growth. According to the Financial Times, the four largest U.S. banks – JPMorgan Chase, Bank of America, Citigroup and Wells Fargo – posted a combined profit of $88 billion in the first nine months […]