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JPMorgan customers were targeted with a phishing scam earlier this week aimed at obtaining online banking credentials.
August 22 -
The paper check is being eliminated as a redemption option in JPMorgan Chase's rewards program as the issuer encourages consumers to request statement credits instead.
August 20 -
The official in charge of monitoring JPMorgan Chase's $13 billion settlement with bank regulators released his initial progress report this week.
July 23 -
JPMorgan Chase Chairman and CEO Jamie Dimon, recently diagnosed with throat cancer, told analysts that the Wall Street bank has an "exceptional group of executives" who could replace him someday but that that won't be happening any time soon.
July 15
JPMorgan Chase has sold a retirement plan services business unit in Overland Park, Kan., to Great-West Financial in Greenwood Village, Colo.
A spokeswoman for the $2.5 trillion-asset JPMorgan Chase told American Banker in an email that the sale of its large-market recordkeeping business was "in the best interest" of the former unit's "large- and mega-plan clients and employees, providing continuity of service while leveraging the scale, capabilities and resources of a firm committed to excellence in recordkeeping and plan administration."
Financial terms of the transaction were not disclosed.
The spokeswoman said that JPMorgan Chase will focus on "delivering valuable insights" in its Guide to Retirement program and Target Date Compass tool. The company will also make a bigger commitment to retirement investment solutions including SmartRetirement target date funds, as well as retirement services for small and midsize plans through Retirement Link.
Great-West now serves every segment of the employer-sponsored retirement plan market, including small, midsize and large corporate 401 (k) clients, government 457 plans and nonprofit 403(b) entities. It also covers the private label recordkeeping business.
Great-West has $431 billion in recordkeeping assets and nearly 7.5 million retirement, insurance and annuity customers.
