In the midst of the coronavirus crisis, a strange thing happened: America’s largest bank made lower profits than it did a year ago, before the epidemic hit the economy. Taken together, the third quarter results of both banks show that business and consumers have been surprisingly good in the month, …
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Amr Alfiki / Reuters JPMorgan is set to pay about 1 1 billion to regulate waste from regulators in the U.S. precious metals and treasury markets, Bloomberg reported Wednesday. The payment will be investigated by the Justice Department, the Commodity Futures Trading Commission and the Securities and Exchange Commission. Bloomberg …
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Getty / Win McNamee JPMorgan CEO Jamie Dimon said in a Tuesday interview with MSNBC that “we are in a recession, but you will have a delayed effect to see the normal effect of recession.” The normal effects of the recession may not come until “late this year or early …
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Wells Fargo said Monday that it is expected to cut its dividends by an unspecified amount after an annual banking sector health stress test by the Federal Reserve, which represents the only major bank so far that has They reduce shareholder distributions after Examining the financial means of the country’s …
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REUTERS / Danny Moloshok Bank stocks fell on Friday after the Federal Reserve capped dividends and banned stock buybacks until at least the end of the third quarter. Goldman Sachs and Wells Fargo fell more than 5%, while Bank of America, JPMorgan and Citibank fell between 3.9% and 4.4%. The …
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