Big Banks J.P. Morgan, Wells Fargo, and Bank of America Are Pulling Out of Lower-Income Neighborhoods

Big banks have been closing branches in lower-income areas and shifting more of their attention to wealthier ones, based on a new report from Bloomberg. Overall, there’s been a trend among the biggest banks–specifically J.P. Morgan Chase, Wells Fargo, and Bank of America–to reducing their branch networks. Relying on ATMs and online banking is less […]

J.P. Morgan Moves Investment Bankers Into Open Office Spaces

J.P. Morgan Chase is breaking barriers–literally. The bank is tearing down walls in many of its investment banking offices and instituting shared desks, an approach that has been popular in the tech industry for years, according to Reuters. Walls came tumbling down for J.P. Morgan’s investment bankers in San Francisco and are in the process […]