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JPMorgan Chase

Octaura adds CFO, Cristina Kim, in continued expansion bid

Bank of America, CLOs, JPMorgan Chase /

Octaura, an electronic trading platform for syndicated loans and collateralized loan obligations (CLOs) has appointed Cristina Kim as chief financial officer, to oversee the company’s financial strategy following a major fund raise earlier this year. “Cristina’s deep market and investment expertise will be instrumental as we expand Octaura’s platform and partnerships, and continue to modernize […]

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Big banks beat Q3 earnings expectations, with modest growth in mortgages

Citigroup, Earnings, HWmember, JPMorgan Chase, Keefe, Bruyette & Woods, LendingLife, Mortgage, Origination, Wells Fargo /

Third-quarter earnings for big banks Wells Fargo, JPMorgan Chase and Citigroup Inc. surpassed investor expectations on Tuesday, marking Wall Street’s resilience during fickle economic times. Wells Fargo’s revenue for Q3 2025 reached $21.43 billion, compared to an expected $21.14 billion. As a result, the company’s stock surged 7.51% and closed at $82.08 in pre-market trading.

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Banks earned $1 trillion windfall during Fed’s high-rate period

Affordability, Bank of America, Citigroup, Homebuying, HWmember, Interest rates, JPMorgan Chase, Lenders, Mortgage, Mortgage Rates, Real Estate, U.S. Bank /

U.S. banks earned an estimated $1 trillion in excess interest revenue during the Federal Reserve’s two-and-a-half-year period of elevated interest rates, an analysis of official data by the Financial Times shows. Lenders reportedly benefited from higher yields on deposits held at the Fed while paying relatively low rates to many savers — boosting profit margins

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Baltimore launches $6.2B housing redevelopment effort

Affordability, Baltimore, Bank of America, City of Baltimore, Homebuilders, Housing Market, HWmember, JPMorgan Chase, Maryland, PNC, Real Estate /

Baltimore is embarking on what civic leaders call ‘the nation’s most ambitious housing redevelopment program’ — a 15-year effort that aims to turn around more than 37,000 vacant or at-risk properties and influence market conditions for another 33,000 homes and lots. The strategy is supported by $1.2 billion in public funding commitments and is expected

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Donald Trump

Trump changes tone on debanking, lays more blame on banks

Bank of America, Cryptocurrency, JPMorgan Chase, Politics and policy, Trump administration /

WASHINGTON — The Trump administration upped its rhetoric on debanking again on Tuesday, this time targeting banks themselves rather than their regulators. President Donald Trump once again took aim at two of the country’s largest banks, JPMorgan Chase and Bank of America, and their chief executives, for what he framed without evidence as discrimination against

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Past due

More consumers are in delinquency as student loans sour

Citigroup, Consumer lending, Credit cards, Debt, JPMorgan Chase, Student loan debt /

hand holding envelope with overdue bill- vector illustrationAdobe Stock Late-payment rates among U.S. households remained elevated in the second quarter of 2025, driven in part by another steep slide into serious delinquency by student loan borrowers. By the end of June, 4.4% of Americans’ total outstanding debt was in some form of delinquency, according to

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The pandemic made housing less affordable, but not in the obvious places

Affordability, Affordable housing, Data & Visuals, Home Price Appreciation, Housing Market, HWmember, JPMorgan Chase, Millennials, Mortgage Rates /

The housing affordability crisis often conjures images of coastal urban cities with acute housing supply shortages and heavy land-use regulations. While these places do tend to have the highest home prices, it’s not where costs are rising the most. That’s according to a sprawling new study from JPMorgan Chase that examines affordability from a number

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JPMorgan Chase Chief Financial Officer Marianne Lake

JPMorgan hands more duties to Lake, seen as a CEO contender

Consumer banking, International banking, JPMorgan Chase, People Moves, Succession planning /

Jin Lee/Bloomberg JPMorganChase & Co. is putting Marianne Lake, one of the leading contenders to one day take over for Chief Executive Officer Jamie Dimon, in charge of strategic growth and the firm’s fast-growing overseas consumer bank. The appointment follows the departure of Sanoke Viswanathan, who’s leaving to become CEO of the data company FactSet,

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Jamie Dimon

Dimon says retirement from JPMorgan is ‘several years away’

C-suite, Industry News, JPMorgan Chase, People Moves, Succession planning /

Jamie DimonBloomberg Jamie Dimon said his retirement from the top post at JPMorganChase is “several years away,” but the decision is up to the bank’s directors. “It’s up to God and the board,” the 69-year-old chief executive officer said in a taped interview aired Monday on Fox Business. “I love what I do.” The question

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