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.
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.”
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.
A fund consultant said it was withdrawn in light of several steps the bank has taken that show it pulling back from political tests for customers.
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.
Two of the world’s biggest asset managers are quitting a United Nations climate alliance group as BlackRock scales back.
JPMorgan CEO Jamie Dimon says Wall Street should be prepared for a recession.
Victims of Jeffrey Epstein have asked a federal judge to approve a $290 Million settlement agreement from JPMorgan Chase.