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JPMorgan Chase

JPMorgan Chase headquarters in New York City
Banking & Finance / Public Companies

Big Bank Quarterly Results Show Signs of Consumers Slowing Down Spending

JPMorgan set aside $3.1 billion to cover potentially bad loans, up sharply from a year earlier, as the bank acknowledged that delinquencies were climbing. read more >
Banking & Finance / Public Companies

Banks Upbeat on US Consumer Despite Bank Profit Declines, Inflation and Rising Debt Levels

The biggest banks in the country posted strong profits last year, helped by higher interest rates and a strong economy, despite having to deal with the lingering industry costs of last year's banking crisis that caused the collapse of Silicon Valley Bank and Signature Bank. read more >

Banks’ Growing Reliance on Chatbots to Handle Customer Service Worries Consumer Watchdog

Poorly designed chatbots could run afoul of federal laws that govern how debts are collected or how personal information is being used. read more >
Construction / Real Estate

JPMorgan Works On NWA Network

The $3.2 trillion-asset lender is now pursuing a Bentonville location instead of Rogers. read more >
Energy / Legal

2 Promoted at FNBC (Movers & Shakers)

Allan Baldridge and Garrett Kissinger have both been promoted. read more >
A First Republic Bank office in Newport Beach, California
Banking & Finance / Government & Politics

First Republic Bank Seized, Sold to JPMorgan Chase

San Francisco-based First Republic is the third midsize bank to fail in two months. It is the second-biggest bank failure in U.S. history, behind only Washington Mutual, which collapsed at the height of the 2008 financial crisis and was also taken over by JPMorgan. read more >
Wells Fargo CEO Charlie Scharf attends an event in Harlem New York in June 2021
Banking & Finance

Bank CEOs Increasingly Turning Pessimistic on Economy

Reflecting the dimmer macroeconomic view, Citigroup, Wells Fargo and JPMorgan socked away cash in their loan-loss reserves. read more >
Apple CEO Tim Cook arrives for a Q&A with members of the Trinity College Dublin Philosophical Society and to receive the Gold Medal of Honorary Patronage on Nov. 11, 2015
Banking & Finance / Construction / Health Care / Insurance / Manufacturing / Public Companies / Retail / Transportation

CEO Pay Rose 17% in 2021 as Profits Soared; Workers Trailed

The median pay for top execs was $14.5 million, boosted in many cases by soaring stock prices. read more >
Banking & Finance / Business Services / Public Companies

Bank Overdraft Fees Fading

Once a big source of income, overdraft protection fees fall out of step in banking. read more >
Customers use ATMs at a Capital One Bank branch in New York City in 2019.
Banking & Finance / Government & Politics

Banks Slowly Reconsider Overdraft Fees, Amid Public Pressure

Through the first nine months of this year, overdraft revenue totaled $6.13 billion. read more >
Banking & Finance / Business Services / Construction / Investments / Public Companies / Real Estate

Chenal Bank Branch Growth Elevates Field of CompetitionLock Icon

Branching activity in west Little Rock is transforming a one-mile stretch of Chenal Parkway into a banker’s boulevard. read more >
General Motors CEO Mary Barra ranked second among women with a compensation package worth $23.2 million.
Public Companies

Women CEOs Saw Ranks Dwindle in 2020; Median Pay Fell 2%

Most of the women running the biggest U.S. companies saw their pay increase last year, even as the pandemic hammered the economy and many of their businesses. read more >
Banking & Finance / Investments / Public Companies

Banks to See Big Profits As COVID ‘Bad’ Loans Become ‘Good’

The nation’s largest banks are expected to report big profits for the first quarter amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again. read more >
A protestor holds a sign during protests outside the state Capitol on Sunday. Little Rock Mayor Frank Scott Jr. re-instituted a nightly curfew on Monday.
Banking & Finance / Nonprofits / Public Companies

Corporations Become Unlikely Financiers of Racial Equity

In the months since the police killing of George Floyd sparked a racial reckoning in the United States, American corporations have emerged as an unexpected leading source of funding for social justice. read more >
Banking & Finance / Government & Politics / Investments

That Rainy-Day Fund (Gwen Moritz Editor’s Note)

Who doesn’t have two months of income in ready cash? Most Americans. Even some of you who read Arkansas Business. read more >
Doug McMillon, president and CEO of  Wal-Mart Stores Inc., has aggressively pushed the discount retailer into a new era emphasizing online shopping. Many of Wal-Mart’s moves in 2017 took direct aim at its chief competitor, Amazon.
Government & Politics / Retail

Doug McMillon Named Chairman of Business Roundtable

The Business Roundtable, a group of CEOs of America's top companies, says Walmart CEO Doug McMillon has been named chairman, succeeding JPMorgan Chase & Co. CEO Jamie Dimon. read more >
Banking & Finance

As Interest Rates Rise, Banks Are Paying More For Deposits

For years after the recession, banks paid next to nothing on deposits — much to the detriment of savers everywhere. Now, banks have increased lending and need more deposits, so they're willing to pay higher interest rates. read more >
Banking & Finance / Government & Politics / Real Estate

10 Banks Agree to Pay $8.5B for Foreclosure Abuse

Ten major banks and mortgage companies have agreed to pay $8.5 billion to settle complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes. read more >