banks

JPMorgan is developing a ChatGPT-like A.I. service that gives investment advice

JPMorgan Chase is developing a ChatGPT-like software service that leans on a disruptive form of artificial intelligence to select investments…

JPMorgan CEO Jamie Dimon testifies he had no involvement with Jeffrey Epstein account, bank says

JPMorgan Chase CEO Jamie Dimon testified at a deposition in New York on Friday that he had no involvement in…

Fintech firm Klarna halves net loss in first quarter as it races toward profitability

Klarna, the Swedish buy now, pay later fintech company, halved its net loss in the first quarter, recording a significant…

JPMorgan Chase cut about 500 jobs this week, including technology and operations roles

JPMorgan Chase cut about 500 positions this week, mostly among technology and operations groups, according to people with knowledge of…

Goldman Sachs is cutting jobs again amid Wall Street deals slump

Goldman Sachs is preparing for its third round of layoffs since September as Wall Street firms adjust to a slump…

Dimon calls for Washington-Beijing engagement in first China visit since 2021 controversy

JPMorgan Chase & Co CEO Jamie Dimon on Wednesday called for “real engagement” between policymakers in Washington and Beijing, as…

British digital bank Monzo hits monthly profitability for the first time after spike in lending

Monzo on Wednesday said it hit profitability for the first time this year, in a major milestone for one of…

ECB’s de Guindos warns financial markets are vulnerable to a sharp sell-off

Financial markets could face a sharp downturn in the event of any further shocks to the global economy, European Central…

JPMorgan rejects claim that Dimon and Staley discussed Epstein: ‘We believe this is false’

JPMorgan Chase on Wednesday rejected allegations cited in a new report that CEO Jamie Dimon over years discussed the bank’s…

JPMorgan’s Dimon says other execs at the bank could have booted Epstein when he was a client

JPMorgan Chase CEO Jamie Dimon testified last week that top bank executive Mary Erdoes and the firm’s then-head lawyer had…