JPMorgan Chase is making major changes to the way its customers can use the payments service Zelle. Starting next month, the bank says it will begin blocking Zelle payments that appear to be connected to social media contacts and online marketplaces.
Charlotte-based Bank of America, tied again this year with Chase Bank at the top of the national banks category. But both banks slipped 1% in customer satisfaction with a new score of 80 compared to the prior year. Bank of America Bank has 3,700 financial centers and 15,000 ATMs in the U.S., according to the company.
A wave of former First Republic Bank bankers could find new positions following bonus season this year and in early 2026, said a bank executive DJ Kurtze, who has been doing a lof ot hiring in the Bay Area.
JPMorgan, since 2021, has already deployed over $10 billion across more than 100 private credit transactions serving corporate and sponsor clients.
The controversial payment service Zelle has been used by fraudsters, leading to a massive lawsuit against the operator and three big banks.
JPMorgan Chase CEO Jamie Dimon and Bank of America CEO Brian Moynihan said on Thursday that their respective financial institutions don't debank customers.
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Chase and Zelle, accusing the companies of failing “to protect consumers from widespread fraud.”
Both Wells Fargo and Chase savings rates pay less than the average savings account. You'll also find online banks with rates that are much more competitive. Bank of America savings rates are low ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results