Dimon: ‘Current Crisis Is Not Over Yet’

Dimon: ‘Current Crisis Is Not Over Yet’

In his annual letter to JPMorgan Chase shareholders, longtime CEO Jamie Dimon argued that the current financial crisis in the banking sector is “not over yet.” Though he acknowledged that the recent shocks to the industry are in no way similar to those seen during the...
Major Banks Restricting Use of ChatGPT

Major Banks Restricting Use of ChatGPT

Several major banks have reportedly decided to restrict the use of OpenAI’s ChatGPT chatbot by their employees, according to a report this week from Bloomberg. The banks are apparently concerned about an array of issues related to the technology, including concerns...
JPMorgan Chase Plans Digital Bank in Germany

JPMorgan Chase Plans Digital Bank in Germany

JPMorgan Chase is planning to develop a digital bank in Germany that it expects to serve as its hub for consumer services in the European Union, according to sources who confirmed the plans to Bloomberg. Chase, which is the largest bank in the U.S., is apparently...