JPMorgan Chase & Co. plans to hire 300 local mortgage officers in the next six months in the New York area.
The new loan officers will serve customers through bank branches in New York, New Jersey and Connecticut, bringing the total number of loan officers in the area to about 700.
JPMorgan Chase is holding open-house recruiting events on April 20 in Melville, N.Y., Purchase, N.Y., and Iselin, N.J.; on April 21 in Brooklyn and on April 29 in Manhattan.
Powered by younger, affluent cardholders, American Express saw a 6% increase in billed business during the first quarter, while weak growth still plagues its small-business segment.
For the better part of the past decade, the Federal Reserve Board in Washington has played a more active role in presidential searches by regional reserve banks. The shift seems to have made the system more diverse, but some argue it's at the expense of regional bank independence.
Beth Johnson, a self-described math geek, is driving the bank's ESG strategy and training its employees to keep pace with industry trends.
The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
The first-quarter increase involved commercial real estate loans, including some problematic multifamily loans and an office credit, but none of the criticized loans were to consumers, officials at the Dallas company say. Further CRE deterioration is anticipated.
The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
