Results for: JPMorgan Chase

JPMorgan Chase & Co. CEO Jamie Dimon lauded Prime Minister Narendra Modi’s leadership in India, highlighting his reforms such as providing bank accounts for 700 million people and simplifying the indirect tax regime. Dimon emphasized the need for collaboration between the U.S. and India, calling for more inclusive economic growth and a harmonious relationship between lenders and regulators. He also addressed concerns about the U.S. national debt, inflation, and geopolitical conflicts, urging practitioners to return to government service to contribute to the nation’s economic performance.

The Commodities Futures Trading Commission (CFTC) is investigating banks for potentially discouraging whistleblowing. The CFTC is asking for non-disclosure agreements, employment records, and customer agreements from banks like JPMorgan Chase, Bank of America, and Citigroup. This probe follows similar actions by the US Securities and Exchange Commission (SEC), which has fined companies for violating whistleblower protection rules and launched a program to encourage reporting of illegal activity. JPMorgan recently settled with the SEC for $18 million for whistleblower protection violations.

JPMorgan Chase & Co. continues to lead commercial banking in artificial intelligence (AI) and digital banking, according to the Evident AI Index. The bank has invested heavily in AI research and innovation, with over 2,000 AI specialists and 45% of all banking-related research papers published in 2023. JPMorgan Chase also emphasizes responsible AI practices and ranks first in transparency. Under the leadership of Jamie Dimon, the bank has achieved exceptional financial performance with a return on tangible equity exceeding 15% since 2020 and a record-breaking profit in 2023.