Jamie Dimon has mostly won over critics that claimed his bank J.P. Morgan Chase should be broken up. But he’s done it, in part, by pairing down. J.P. Morgan is still the biggest bank in the U.S., but since last year its assets have shrunk by $150 billion to $2.4 trillion. Among the big banks it has appears to have figured out how to navigate the post-financial crisis landscape the best. The bank says it believes its bottom line will reach $30 billion by 2019.
News about J.P. Morgan Chase
Under a plea deal, the defendant agreed not to appeal any prison sentence of 16 months or less.
Rival Morgan Stanley is now No. 1 in the U.S. merger advisory rankings.
About 20 banks will put Zelle on their mobile apps and web pages early next year.
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