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JPMorgan Chase & Co (JPM.N) will modify its customer complaint system on Tuesday and process how employees choose eligible clients for particular banking services.
There were racial discrimination claims in the bank against black customers last December 2019, New York Times reported. Audio recordings made by a bank employee and a customer served as evidence of the said incident. The reports compelled the bank to “look at how we do business so that we could gain a deeper understanding of what more we can do to root out racism and discrimination,” co-Chief Executives Gordon Smith and Daniel Pinto wrote in a memo sent to the bank’s staff.
The bank will make an easier process wherein employees can file customer complaints and identify alarming concerns to senior management. JPMorgan Chase also stated that they were re-evaluating the rules and qualifications of new bank products and benefits. Strengthened tools will also be given to bank managers in order for them to properly monitor their employees. The bank has also committed in recruiting more diverse staff.
Central banks may need to increase quantitative easing programs according to an analysis from JPMorgan Chase & Co. The investment firm’s report resonates with the conclusion by Goldman Sachs Group strategists of limiting bond yields. ...
In an internal memo seen by Reuters, American multinational investment bank, JPMorgan Chase & Co (JPM), informed its employees on Tuesday that it is creating a plan to gradually return to on-site work. Discussions about the reopening ...
JPMorgan to expand Paris hub post-Brexit JPMorgan Chase & Co became the latest investment bank to significantly expand its Paris hub, seizing new premises in the French capital. The move comes as part of a plan to relocate some its services ...
More developing countries will be hit by debt woes next year, cutting returns for the JPMorgan index of dollar sovereign bonds, according to the bank’s head of emerging markets research. Countries affected by debt crises in 2019 include ...
A former forex (foreign exchange) trader of JPMorgan Chase & Co was found guilty of conspiracy and rigging trades for personal benefit. Court records showed that ex-trader Akshay Aiyer was convicted of one count of conspiracy and is scheduled ...
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