JPMorgan Chase Related Content

Biz Roundtable Redefines a Corporation’s Purpose to Benefit All Stakeholders

Business Roundtable released a new Statement on the Purpose of a Corporation signed by 181 CEOs who commit to lead their companies for the benefit of all stakeholders – customers, employees, suppliers, communities and shareholders. read more

JPMorgan Increases Air Lease Credit Facility to $5.8B

Air Lease amended and extended its unsecured revolving credit facility with JPMorgan Chase, increasing the total commitments to approximately $5.8 billion from $4.6 billion, across 50 financial institutions. read more

JPMorgan Plans Layoffs After Staffing Review

According to Bloomberg, JPMorgan Chase is planning on laying off hundreds of employees within its asset and wealth management division after a periodic staffing review. read more

J.P. Morgan: Healthcare Industry Grapples with Change as Optimism Wanes

U.S. healthcare organizations stayed positive on the national economy, with 71% reporting optimism, yet industry performance optimism waned at 41% amid major industry changes, according to J.P. Morgan’s Healthcare Industry Outlook survey. read more

JPMorgan Chase Launches Franchise & Restaurant Group; Wells Vet to Lead

JPMorgan Chase's Commercial Bank announced the launch of a franchise and restaurant group within its middle market banking and specialized industries business. read more

JPMorgan Reports Record Q2 Earnings, Exceeds Expectation

JPMorgan Chase reported record Q2/18 earnings of $8.3 billion, up $1.3 billion or 18% from Q2/17. CEO Jamie Dimon attributed the bank’s performance to “good global economic growth, particularly in the U.S, where consumer and business sentiment is high.” read more

Banks Embracing Blockchain to Manage Foreign Exchange

CFO reported that banks are increasing their use of blockchain technology, in part, because it enables them to more efficiently manage foreign exchange transactions. read more

Goldman, Citi, JPMorgan Hold Largest Share of Fintech Funding

According to a report issued by the Digital Journal, Goldman Sachs, JPMorgan Chase and Citi have the largest U.S. bank share of disclosed investments to fintech startups. read more

JPMorgan Beats Estimates Despite Tax Act Charge

JPMorgan Chase reported Q4/17 earnings of $4.23 billion were down 37% from $6.73 billion a year earlier. The bank noted the decrease included $2.4 billion of estimated net impact of the Tax Cuts and Jobs Act. read more

JPMorgan Agents New $1.6B Facility for Navistar

Navistar International completed the refinancing of Navistar's existing approximately $1.0 billion senior secured term loan which was due to mature in August 2020 with a new $1.6 billion senior secured term loan which is due to mature in November 2024. read more

Report: JPMorgan Most Popular Brand, U.S. Bank Most Loyal Customers

According to Brand Finance research, JPMorgan Chase was ranked as the most popular brand in the U.S. Wells Fargo was voted the least trusted bank. U.S. Bank proved to have the most loyal customers. read more

Former JPMorgan Senior Loan Officer Pleads Guilty to Mortgage Fraud

Former senior loan officer at JPMorgan Chase pleaded guilty to charges of conspiracy to commit fraud for his role in a massive mortgage scheme that cost the bank more than $33 million. read more

Bank of America Agents New $300MM Facility for Bob Evans Farms

Bob Evans Farms completed the sale of its restaurants to Golden Gate Capital and its acquisition of Pineland Farms Potato Company. The company also established a new $300 million credit facility with a group of banks led by Bank of America serving as administrative agent. read more

JPMorgan Q1 Earnings Increase on Higher Revenue, Lower Provisioning

JPMorgan Chase reported Q1/17 net income of $6.45 billion, up 17% from $5.52 billion a year earlier. The bank noted revenue was up $1.5 billion and provision charges were down 28% helped by oil and gas releases. read more

Navistar Reprices $1B Senior Secured Term Loan

Navistar completed the repricing of an existing $1 billion senior secured term loan which reduces the interest rate by 1.50%. read more

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