Big Banks Back ‘Trump Accounts’ With Matching $1,000 Contributions for Employees’ Children
Bank of America, Wells Fargo, and JPMorgan Chase will match the U.S. government’s proposed $1,000 seed contribution to new “Trump Accounts” for the children of eligible employees, according to internal communications reported on Wednesday....
Banks Scale Back Argentina Support as $20 Billion Bailout Shelved
A planned $20 billion bailout for Argentina from JPMorgan Chase, Bank of America, and Citigroup has been put on hold, with the banks now considering a much smaller and short-term funding option, according to...
First Republic: JP Morgan to take over major US bank
JP Morgan Chase is acquiring First Republic Bank, which recently collapsed, with the approval of regulators. The Federal Deposit Insurance Corporation confirmed the collapse of the San Francisco-based bank and JP Morgan will take...