JPMorgan’s Dimon Warns of Myriad Issues for Economy, Bank
Jamie Dimon laid out a laundry list of big risks looming for the global and U.S. economy in his letter to JPMorgan Chase shareholders on Monday.
Dimon Touts Chase’s DEI Initiatives in Mattapan
Chase Bank has opened a new community center in Mattapan as part of the its nationwide initiative to address systemic racism in what JPMorgan Chase CEO Jamie Dimon described as a permanent and sustained effort by the bank.
Most Lenders Have Tightened Mortgage Rules
Just as quickly as the COVID-19 pandemic bolted across the country, that’s how fast the financing situation has changed for homebuyers. And whether the mortgage market will return to “normal” once the scourge subsides is anybody’s guess.
Virus Starts to Take Toll on Bank Earnings
With banks starting to release first quarter earnings this week, early results show the potential extent of the coronavirus’ impact on both local community banks and international titans of finance.
Leather District Office Property Sells for $68.5M
A 86,484-square-foot office property in Boston’s Leather District near South Station has been sold to a real estate investment firm for $68.5 million.
Banks Prepare for Incoming JPMorgan Retail Branches
JPMorgan Chase in January hinted it was interested in launching a retail presence in Boston, as part of a broader initiative to put up 400 new retail branches nationwide over the next five years.
U.S. Prepaid Card Market Overview: The New Bank Account
Prepaid products are now a common payment option for consumers and businesses looking for alternative ways to spend, save and disburse funds.
Goldman’s Faith in Roaring Markets Met with Skepticism on Wall Street
Goldman Sachs Group Inc. is so confident in its recent business boom that it will pause share buybacks in the second quarter and instead use capital to facilitate trades, loans and deals for customers, its finance chief said on Tuesday.
JPMorgan Pledges Up To $2M To Fight Racism, Support Human Rights
JPMorgan Chase & Co. said on Monday it will contribute up to $2 million to fight racism and support human rights in light of a white nationalist rally in Charlottesville, Virginia, that led to violence and the death of a protester.
Impact On Banks From Britain’s Vote To Leave The EU
Global banks have said they could move thousands of jobs out of Britain to prepare for Brexit, the country’s planned exit from the European Union.
KeyBank Hires Relationship Manager For Local Market
David Cabezas has joined KeyBank as relationship manager for its Connecticut and Western Massachusetts market. Based in New Haven, Cabezas is responsible for expanding and servicing Key’s middle market client relationships in the region.
Goldman Slashes Legal Cost Estimate
Goldman Sachs Group Inc. cut the upper end of its...This Week’s Newspaper
