JPMorgan Chase News

How One Big Bank Is Targeting Millennials by Mobilizing Car Buying, Financing

Millennials, countless surveys will tell you, are not fans of big banks. They are smart, price-sensitive consumers who are far more likely than older customers to switch lenders if they find a better deal. They are also a huge, irresistible …

Israeli Cyber Security Business Foundry, Team8, on Track to Build 5 Firms by 2020

Team8, a cyber security business foundry created by veterans of the Israeli army’s technology and intelligence unit 8200, said it closed a $23 million round of financing. Team8 plans to use the money to develop five companies over the next …

Russia Cracks Down on Financial Hacking Ring, Raiding Moscow Office: Sources

Russian authorities in November raided offices associated with a Moscow film distribution and production company as part of a crackdown on one of the world’s most notorious financial hacking operations, according to three sources with knowledge of the matter. Cyber …

Risk of ‘Brexit’ Pushes U.K. Services Firms’ Confidence to 3-Year Low

Confidence among U.K. services firms slid to a three-year low last month as the risk of Britain exiting the European Union weighed on executives’ minds. The drop in sentiment was reported by Markit Economics in its monthly sector survey. The …

Insurers & Banks Could Pull Jobs from U.K. in Event of ‘Brexit’: JPMorgan

JPMorgan Chase & Co. warned financial-services firms from banks to insurers could pull jobs out of the U.K. in the event of Britain voting to leave the European Union. Financial services would feel the “negative impact of Brexit“ most, which …

Green Bonds Boom Stirs Calls for Clearer Standards

Issuance of green bonds for companies working on battling climate change are booming, but investors say the label needs safeguards against bogus proposals that could sour retail buyers and wealth advisers just starting to tune into the securities. Right now, …

JPMorgan Chase Sued by Los Angeles Over Foreclosures

Los Angeles is suing JPMorgan Chase for mortgage discrimination that the city says led to a wave of foreclosures that blighted neighborhoods, reduced property taxes and increased the need for costly city services. The city attorney’s suit, filed Friday in …

China Insurance Official asked JPMorgan’s Dimon for Job ‘Favor’ – NYT

China’s top insurance regulator directly asked JPMorgan Chase & Co CEO Jamie Dimon to hire a family friend as a “favor,” The New York Times reported, citing a confidential email. The latest media report comes even as Wall Street’s practice …

Nearly 100K Utahns Could Be Hit by Data Breach

State officials say a data breach could affect as many as 97,000 Utahns who receive benefits through the state Department of Workforce Services. JPMorgan Chase notified the department last week that its servers affecting UCard customers were hacked from July …

Assured Guaranty, JPMorgan Settle Mortgage Litigation

Assured Guaranty Ltd. and JPMorgan Chase & Co. agreed to settle lawsuits filed by the bond insurer accusing the bank’s EMC Mortgage and Bear Stearns units of making misrepresentations about mortgage-backed securities. Assured Guaranty Corp., a New York-based unit of …