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The top five U.S. financial institutions benefited from a funding advantage in key markets prior to the enactment of regulatory reform, according to a study released Tuesday by economists at the Federal Reserve Bank of New York.
March 25 -
A Florida woman has accused the New York bank of relying on robo-signed documents as it tried to collect unpaid credit card balances. She seeks class-action status for her lawsuit.
March 14 -
JPMorgan Chase's large and diversified operations -- including auto lending, wealth management and one-time sales of assets -- helped it shrug off its most recent round of eye-popping settlement and other costs.
January 14
JPMorgan Chase (JPM) has named John Simmons, 43, its head of middle-market commercial banking.
He'll take over from Steve Walker, 64, when Walker retires at yearend.
Starting in April, Simmons and Walker will jointly manage JPMorgan's middle-market unit, which serves companies with annual revenues of $20 million to $500 million. It has 1,600 employees and serves more than 19,000 businesses.
Simmons has been the co-head of JPMorgan's North American financial institutions group. He has more than 20 years of experience advising companies on raising capital, mergers and acquisitions, secured and unsecured financing and risk management.
"John's expertise and client relationships will bring tremendous value to our business," Doug Petno, JPMorgan's commercial banking chief, said in a news release. "Throughout his career, he has worked with clients across many industries, which prepares him well for the diverse nature of our middle-market banking clients."
