According to a Wall Street Journal piece published on Wednesday, the Consumer Financial Protection Bureau is probing how big U.S. banks have been managing their customers’ money on the peer-to-peer payments network Zelle.
Read More Bank Of America, Wells Fargo And JPMorgan Investigated On Zelle Customer Funds, Scams
At issue is how the central bank calculates an extra layer of capital it imposes on U.S. global systemically important banks, known as the “GSIB surcharge.”
Read More Exclusive: Fed may tweak rule that could save biggest US banks billions
Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks.
Read More Big US banks expected to be cautious on shareholder payouts
A fund consultant said it was withdrawn in light of several steps the bank has taken that show it pulling back from political tests for customers.
Read More Exclusive: Conservative investor pulls JPMorgan resolution, cites changes addressing ‘politicized finance’
JPMorgan Chase chief Jamie Dimon warned that U.S. interest rates could increase over 8% in the next few years, with record toppling U.S. debt has made it complicated to keep inflation down.
Read More JPMorgan Chase CEO Jamie Dimon Claims Interest Rates Could Increase Above 8%
Two of the world’s biggest asset managers are quitting a United Nations climate alliance group as BlackRock scales back.
Read More JPMorgan And State Street Quit UN Climate Alliance As BlackRock Pulls Out