Banks report ten-fold surge in digital scams, BioCatch says
Leylaynr | E+ | Getty Images U.S. and Canadian banks reported a ten-fold surge in digital scams this year as criminals flock to techniques that rely on duping customers into …
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DOJ accuses Visa of monopoly that impacts price of ‘nearly everything’
Justin Sullivan | etty Images The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing …
JPMorgan investment bank creates new role overseeing junior bankers
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill …
JPMorgan Chase in talks with Apple to take card from Goldman Sachs
Apple CEO Tim Cook introduces the Apple Card during a launch event at Apple headquarters in Cupertino, California, on March 25, 2019. Noah Berger | AFP | Getty Images Apple …
FDIC rule would make banks keep fintech customer data after Synapse debacle
Tsingha25 | Istock | Getty Images The Federal Deposit Insurance Corporation on Tuesday proposed a new rule forcing banks to keep more detailed records for customers of fintech apps after …
JPMorgan Chase shares drop 7% after bank tempers guidance on net interest income
Daniel Pinto, JPMorgan’s chief executive of corporate and investment bank. Simon Dawson | Bloomberg | Getty Images JPMorgan Chase shares fell 7% Tuesday after the bank’s president told analysts that …
Federal Reserve unveils new banking regulation in Wall Street victory
Federal Reserve Board Vice Chair for Supervision Michael S. Barr testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on “Recent Bank Failures and the Federal Regulatory Response” …
Goldman Sachs to post $400 million hit in third quarter over consumer business
David Solomon, chief executive officer of Goldman Sachs Group Inc., during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York, US, on Tuesday, Aug. …
JPMorgan Chase rolls out AI assistant powered by ChatGPT-maker OpenAI
Teresa Heitsenrether is the firm’s chief data and analytics officer. Courtesy: Joe Vericker | PhotoBureau JPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of …
Jamie Dimon still sees a recession ahead
JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a “soft landing” for the U.S. economy are around 35% to 40%, making recession the most …