JPMorgan

June 2, 2023 | Kevin Hogan

Disgust Over Target Shoving ‘Divisive Social Issues’ in Customers’ Faces Sprouts Grassroots Opposition Leading to Stock Downgrade: Will Hild

Target stock has been downgraded by a J.P. Morgan analyst. It comes as the store faces backlash over the chain’s LGBT merchandise. Will Hild, the executive director of Consumers’ Research, tells NTD this is a result of a grassroots movement of consumers being sick of having “divisive social issues shoved in their faces, shoved in […]

May 27, 2023 | The Associated Press

First Republic Hit With 1,000 Job Cuts After California Bank Was Seized and Sold to JPMorgan

NEW YORK—About 1,000 employees of First Republic Bank are being let go about a month after it was seized by regulators and acquired by JP Morgan Chase. The vast majority of First Republic employees, roughly 7,200 before it ran into trouble, were offered jobs by JPMorgan, meaning that about 15 percent of the bank’s employees […]

May 15, 2023 | Caden Pearson

Virgin Islands Subpoenas Documents From Elon Musk in JPMorgan, Jeffrey Epstein Lawsuit

The U.S. Virgin Islands has subpoenaed documents from Elon Musk, the billionaire owner of Twitter, Tesla, and SpaceX, as part of its case against JP Morgan, linked to the late financier Jeffrey Epstein and allegations of sex trafficking. The subpoena, filed in the U.S. District Court for the Southern District of New York, requests documents […]

May 2, 2023 | Don Ma

Analysis: First Republic Bank Bought by JPMorgan

First Republic Bank will be bought by JPMorgan Chase after U.S. regulators seized control of the embattled institution and facilitated its sale over the weekend. NTD spoke to a financial expert for his analysis of the deal.

May 2, 2023 | Andrew Moran

JPMorgan Chase’s Takeover of First Republic: What to Know

JPMorgan Chase will acquire most of First Republic Bank’s assets for $10.6 billion after U.S. regulators seized control of the embattled institution and facilitated its sale over the weekend. President Joe Biden and JPMorgan Chase CEO Jamie Dimon reiterated that the worst of the crisis is over. “These actions are going to make sure that […]

April 14, 2023 | The Associated Press

JPMorgan Chase Profits Jump 52 Percent Amid Banking Turmoil

JPMorgan Chase & Co. posted a 52 percent jump in its first-quarter profits, helped by higher interest rates, which allowed the bank to charge customers more for loans. The bank saw deposits grow noticeably, as business and customers flocked to the banking titan after the failure of Silicon Valley Bank and Signature Bank last month. […]

April 12, 2023 | Don Ma

Banks Can Debank You Without Reason: Expert

Is JPMorgan Chase “debanking” customers because of their religious and political beliefs? Some of the bank’s shareholders say there is evidence. With a recent ruling by the Securities and Exchange Commission, the bank’s shareholders will be able to vote on a proposal aimed at ensuring equal treatment. NTD talked to an attorney from the Alliance […]

April 7, 2023 | NTD Newsroom

JPMorgan Discrimination Probe Up for Vote

JPMorgan shareholders, who are trying to stamp out discrimination happening at the bank, wrote a proposal that could force an investigation into the financial institution. Although the bank tried to fight it, the SEC recently ruled the proposal is allowed to go to a vote.

January 29, 2023 | Jane Nguyen

Bed Bath & Beyond Defaults on Loans and Can’t Pay Creditors

Bed Bath & Beyond said in a filing on Thursday that it received a notice of default from its lender, JPMorgan Chase, and admitted to not having sufficient funds to repay what it owes. The retailer was informed by JPMorgan Chase on Wednesday that its debts were due immediately under the credit agreement. According to the […]

January 13, 2023 | NTD Newsroom

JPMorgan Shuts Down Frank After Suing Founder

JPMorgan Chase is shutting down its Frank website, a college financial planning site it bought in 2021. But now, the bank is suing Frank’s founder, claiming that she lied about how many customers the website had—big time!

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