The announcement took Piepszak out of the running in the closely-watched JPMorgan succession race. For a few years, the former firm CFO had served as co-CEO of consumer and commun
Doug Petno, Troy Rohrbaugh and Marianne Lake are the three top contenders to succeed JPMorgan Chase CEO Jamie Dimon, according to a report.
JPMorgan Chase is mandating a full return to office for all of its employees, ending its hybrid work-from-home policy.
The bank shut down a discussion on an internal website about a five-day return to office policy after dozens of employees criticized the move.
JPMorgan Chase is scheduled to report earnings before the opening bell Wednesday, kicking off a stretch of earnings reports as America's largest financial institutions wrap up their 2024s.
Fed governor Michael Barr said in a letter to President Joe Biden that he would step down as vice chair for supervision Feb. 28, or earlier if a successor was confirmed.
The bank’s departure from the Net Zero Banking Alliance follows the exits of five other major U.S. banks from the climate coalition in the past month.
Scott Bessent, President-elect Trump's pick for Treasury Secretary, has pledged to ensure the dollar remains the world's reserve currency. In prepared Senate testimony Bessent emphasised the need for productive investments to usher in a "new economic golden age,
JD Vance will serve as Donald Trump's vice president. The two haven't always seen eye-to-eye.
There will be many moving parts for the U.S. economy and for financial markets as the second Trump administration makes its mark on regulation and trade policies. One of Trump's consistent opinions has been that a weaker dollar is good for the U.S. economy because it can boost exports.
Donald Trump is expected to elevate Michelle Bowman, a fifth-generation community banker and current Fed governor, as the government’s most influential banking regulator.
If the Trump administration makes good on its promise to boost tariffs, which are taxes on imported goods, look for the tax to be passed on to consumers buying the products, whether they’re individuals perusing the aisles of Home Depot or construction companies purchasing supplies through wholesalers, Baker says.