Recent events
Recent events tied to this brand in public sources.
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2021
JPMorgan Chase ceremonially reopens renovated Woodlawn branch
JPMorgan Chase ceremonially reopened its renovated Woodlawn branch in Chicago on February 4, 2021. The branch is designed as a community center offering free financial education events and programs for small-business owners.
2020
cxLoyalty Group Holdings announces sale of Global Loyalty Division
cxLoyalty Group Holdings announced a definitive agreement to sell its Global Loyalty division, including its technology platforms and travel, gift card, merchandise, and points bank businesses, to JPMorgan Chase & Co. The transaction was announced and had not yet closed; it was expected to close in the coming days subject to customary conditions.
2020
JPMorgan Chase Bank agrees to $250 million penalty over internal controls
JPMorgan Chase Bank, a unit of JPMorgan Chase & Co., agreed to pay a $250 million penalty over failures to maintain adequate internal controls and internal audit over its fiduciary business. The OCC said the deficiencies constituted unsafe or unsound practices and that the bank had remediated them.
2020
OCC fines JPMorgan Chase $250 million over advisory-business controls
The Office of the Comptroller of the Currency said JPMorgan Chase will pay a $250 million fine over deficient risk management practices and conflicts of interest in its advisory business. The OCC said JPMorgan did not admit guilt; its order said the deficiencies leading to the fine had been fixed.
2020
Prospera and Ascendus partner on small-business support initiative
Prospera and Ascendus formally joined forces for an externally funded initiative to provide support to small businesses in Florida affected by the pandemic. JPMorgan Chase donated $500,000 to the organizations to support the effort.
2020
Report alleges US financial firms funded Amazon-linked abuses
A report by Amazon Watch and the Association of Brazil’s Indigenous Peoples alleged that six US financial firms invested more than US$18 billion over three years in companies involved in abuses in the Amazon, including environmental destruction and indigenous rights violations. The report named BlackRock, Citigroup, JPMorgan Chase, Vanguard, Bank of America and Dimensional Fund Advisors; BlackRock said it engages with companies on ESG risks and takes voting action when needed.
2020
JPMorgan commits $30 billion to address racial inequality
JPMorgan Chase & Co said it would commit $30 billion over five years to address racial inequality, including funding for mortgages, affordable housing loans, small business loans and philanthropy.
2020
JPMorgan Chase agrees to $920 million settlement over market manipulation
JPMorgan Chase agreed to pay $920 million to settle US civil and criminal charges over fake trades designed to manipulate precious metals and Treasury markets. The agreement resolved criminal fraud charges and civil charges brought by US agencies.
2020
JPMorgan announces a $1 billion green-bond offering
JPMorgan Chase & Co. is issuing $1 billion in four-year green bonds, with proceeds intended to fund eligible sustainable projects.
2020
JPMorgan Chase and Marqeta partner on virtual commercial cards
JPMorgan Chase's commercial cards team announced a partnership with Marqeta to launch digital-only credit cards for JPMorgan corporate cardholders. The feature was planned to become available in early 2021.
2020
Richard Sunwoo sues JPMorgan over severance pay
Richard Sunwoo sued former employer JPMorgan Chase, alleging that the firm breached an agreement to pay him nearly $340,000 in severance. He seeks a judgment and damages.
2020
J.P. Morgan settles precious-metals spoofing lawsuit
J.P. Morgan settled a lawsuit that accused the bank of manipulating precious-metals markets through spoofing trades. The article says the settlement details were not disclosed.
2020
Ten banks sued over alleged corporate bond market price coordination
A class action lawsuit was filed in Manhattan federal court against ten banks, including JPMorgan Chase and Bank of America, alleging that they conspired over nearly 14 years to manipulate prices in the $9.6 trillion corporate bond market. These are allegations in the complaint, not a court finding.
2020
JPMorgan launches FX trading and pricing engine in Singapore
JPMorgan launched an FX trading and pricing engine in Singapore. The platform covers foreign exchange and precious metals and enables clients to conduct FX transactions according to their geographical location.
2020
JPMorgan announces three Asia-Pacific appointments
JPMorgan appointed Tim Huang as head of corporate banking in China, Nancy Cheng as Asia-Pacific head of new economy for corporate banking, and Alan Lin as Asia-Pacific head of core cash management for global corporate payments.
2020
Lyft and Chase partner on customer rewards
Lyft partnered with JPMorgan Chase to offer extended rewards to Chase customers who pay for rides with their credit cards, including rewards points and a free one-year Lyft subscription for Chase Sapphire Reserve members.
2020
JPMorgan Chase announces higher Sapphire Reserve annual fee
JPMorgan Chase announced a $100 increase to the annual fee for its Chase Sapphire Reserve credit card. New applicants will pay $550 starting Jan. 12, up from $450, and existing cardholders will be charged the higher fee at annual renewal after April 1.
2019
JPMorgan Chase funds continuation of Fort Wayne's Summit City Match program
JPMorgan Chase and Fort Wayne's Community Development Division are partnering to continue the Summit City Match program. JPMorgan Chase awarded $250,000 over the next two years, with matching funds from the division.
2019
MAS, JPMorgan and Temasek partner on blockchain payments platform
The Monetary Authority of Singapore is partnering with JPMorgan Chase and Temasek on a blockchain-based payments platform capable of handling different currencies.