JPMorgan Chase

The deal values the robo advisor at close to $966 million, according to people familiar with the matter.

The company is making many employees sift through years of text messages on personal devices and set aside any related to work to ensure U.S. rules on keeping copies of business communications are met even after many months of remote work, according to people with knowledge of the situation.

DAFs come with a potential upfront tax deduction, allowing newly empowered investors to consolidate their giving flows, writes Tom Brilli.

The bipartisan ire was a reminder that the biggest banks still have to win over legislators on both sides of the aisle.

The firm serves UHNW clients, and the advisors embarked on a search in order to enable clients to have more access to private investments.

Lots of people bounce back, but Jeremy Barnum’s rise is an unlikely Wall Street tale.

Senator Elizabeth Warren and other critics plan to ask whether banks are prioritizing buying back stock and rewarding employees over supporting the real economy.

One of the new co-heads of consumer and community banking to succeed co-President Gordon Smith "is likely the ultimate next CEO of JPMorgan,” an analyst says.

Two advisors left their prior firm of 10 years after the bank’s wealth and asset management unit generated record net income in the first quarter.

The move by the nation’s largest bank is likely to be under close watch as state and federal authorities start to ease pandemic restrictions.

Joe Skarda, who was previously managing director of JPMorgan Chase’s U.S. wealth management central division, will oversee a unit that houses Key’s private bank, family wealth and mass affluent business segments.

JPMorgan’s CEO said in a memo that he expects “all U.S.-based employees will be in the office on a consistent rotational basis” by early July.

The actively managed offering will be available as soon as this summer, according to sources familiar with the plans.

He takes over for Chris Harvey, who ran the team for four years.

Evan Schottenstein, without admitting or denying the findings, agreed to the sanction after FINRA concluded he wasn’t complying with its investigation.

It could all add up to a Goldilocks moment, where growth is fast and sustained while inflation ticks up gently, he wrote to shareholders in his annual letter.

JPMorgan Chase said it plans to hire 300 additional Black and Latino wealth advisors by 2025 to serve more clients from those communities and allow employees from diverse backgrounds to advance in their careers.

“I respect every competitor, I don’t fear any competitor,” CEO Brian Moynihan said.

New entrants are gaining traction while established players continue to grow.

“It’s hard to make it mandatory. There are laws about that,” said Jamie Dimon, chief executive officer. “I think what we’d like to do is have carrots and sticks. We want people to take it.”