5 Reasons Jamie Dimon Isn’t Too Worried We’ll See A Recession in 2019

Jamie Dimon released his annual letter Thursday, offering his usual update on JPMorgan Chase’s activities along with a critique of financial regulation and government policy. Reading through the letter, which runs 95 printed pages, one contrarian theme stands out: Unlike many prominent economists and executives, Dimon doesn’t see a recession coming in 2019 or soon […]

J.P. Morgan Cutting Hundreds of Jobs in Asset and Wealth-Management Unit

JPMorgan Chase & Co. is dismissing hundreds of workers in its asset and wealth-management division after a periodic review of staffing, according to a person briefed on the matter. The bank is reducing the number of employees in support roles across the unit and laying off some wealth-management workers, said the person, who asked not […]

JPMorgan’s Private Prison Pullback: A Generational Shift, or Low-Risk Lip Service?

The nation’s largest bank grew a conscience last week, and millennials may be to blame. JPMorgan Chase said last Tuesday that it would no longer finance the operations of CoreCivic (formerly the Corrections Corporation of America) and the GEO Group, effectively cutting all ties with the private prison industry. The bank’s financial relationship with private-prison […]

Abra CEO: Enterprise Blockchains Will ‘Fail Miserably’

Bill Barhydt is no fan of private blockchains. The chief executive of Abra, a Bitcoin-based app that lets people buy and sell currencies, virtual coins, and Nasdaq-listed stocks, expects corporate adaptions of the technology behind cryptocurrency to amount to little, if anything. As one of the earliest employees at Netscape, a dot-com era poster-child and […]