Items Tagged with 'Chase'

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  • JPMorgan Chase to build Silicon Valley-based fintech campus

    Big bank is betting on tech growth
    JPMorgan Chase announced it is building a Silicon Valley-based fintech campus to house 1,000 of its employees as the bank looks to keep ahead of the changing landscape of digital payments. According to reporting from Reuters, the campus will open in 2020 and will be located in Palo Alto, California, at Stanford Research Park, on a plot of land that formerly housed Lockheed Martin.
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  • JPMorgan Chase earnings increase, but reveal slowdown in mortgage sector

    Earnings down slightly from Q2 but much higher than 2017
    In the third quarter of 2018, JPMorgan Chase saw a decrease in its earnings from the previous quarter, but still managed to increase from the previous year despite a lackluster mortgage banking sector. JPMorgan Chairman and CEO Jamie Dimon said increasing economic and geopolitical uncertainties could have negative effects on the economy's future.
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  • Former JPMorgan Chase banker jailed for selling customers’ confidential information

    Peter Persaud gets four years in prison
    A former personal banker at JPMorgan Chase will spend the next four years in jail after admitting in court that he stole and sold customers’ confidential information. According to authorities, the scheme was discovered when the banker sold sensitive customer information to a confidential informant, and later to an undercover law enforcement officer.
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  • JPMorgan earnings increase despite drag from mortgage lending

    Earnings down slightly from Q1 but still up from 2017
    In the second quarter of 2018, JPMorgan Chase saw a decrease in its earnings from the previous quarter, but still managed to increase from the previous year despite a drag from its mortgage banking sector. JPMorgan Chairman and CEO Jamie Dimon says consumer and business sentiment led to good economic growth.
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  • Chase: Home confidence levels reach four-year high

    Survey reveals most think a home is still a great investment
    Chase Home Lending has partnered with Pulsenomics to launch a housing confidence index designed to gauge how Americans feel about the housing market. New survey data reveals homeowners and renters are feeling pretty good about the market right now, and most think it's worth investing in a home.
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  • JPMorgan Chase picks Black Knight to power its home equity originations

    Will use LoanSphere Empower to originate home equity loans
    JPMorgan Chase may be using Roostify to power its digital mortgage application process on the front-end, but the megabank will be using Black Knight to power its home equity loan originations. Black Knight announced Wednesday that JPMorgan Chase will be using its LoanSphere Empower loan origination system as the backbone of the bank’s home equity originations business.
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  • JPMorgan Chase to build new HQ in midtown Manhattan

    New HQ first major project under NYC's Midtown East Rezoning plan
    It’s a season of change at JPMorgan Chase. The big bank recently committed to investing $20 billion in new branches and new hires following tax reform legislation. Now, the company announced plans to build a new, 2.5 million square feet, 70-story HQ at its 270 Park Avenue location, replacing the current 52-story building, which houses 15,000 of the bank’s employees.
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  • Wells Fargo and JPMorgan Chase each donate $1 million for Hurricane Harvey relief efforts

    Options for customers to help, too
    In light of the devastating destruction from Hurricane Harvey, Wells Fargo and JPMorgan Chase are donating $1 million each to support those affected by the hurricane and the relief efforts. Beyond the initial $1 million donation, both banks also included options for their customers to get involved in relief efforts.
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