Financial services company
Appears in 13 stories · Last updated Nov 11, 2026
Not participating; runs its own JPM Coin
Twenty-one of the world's largest banks have put about $270 million behind a shared stablecoin company. The money covers five years of operating costs for a venture known internally as Project Faro, which plans to issue a dollar-denominated token in the first half of 2027.
Updated Yesterday
Blocked third-party agents; new account terms effective January 1, 2027
An AI agent that logs in with a customer's password looks exactly like that customer to a bank's systems. JPMorgan Chase, Charles Schwab, Citigroup and Wells Fargo spent October blocking such agents from consumer accounts, or writing terms that make the customer responsible for whatever an agent does.
Updated 4 days ago
Sole arranger of $500 million in debt
Shield AI agreed to buy Echodyne, a Kirkland, Washington, radar maker, for $4.8 billion at closing and up to $500 million more if the company hits performance targets. The deal, announced Nov. 5, is Shield's fifth acquisition and its largest.
Largest US bank by assets; reported Q3 earnings miss
JPMorgan Chase missed profit estimates for the first time since late 2023, while Goldman Sachs beat by 30% and Morgan Stanley topped expectations. The gap came down to equities trading, which rose 72% at Goldman and 49% at JPMorgan. Treasury yields had their biggest quarterly rise since 2009, which cooled bond desks.
Updated Nov 1
Early funder of Instituto College
Nursing students in Pilsen now train on mannequins that mimic strokes, childbirth, and postpartum complications before they touch a real patient. Instituto del Progreso Latino opened the high-fidelity simulation lab at Instituto College in October 2026 with a $3 million donation from the McCormick Foundation.
Updated Oct 21
As of August 2026: Arranged Lambda's $1B private debt placement
Lambda, a San Francisco company that buys Nvidia chips and rents computing power to businesses, raised $1 billion in private debt on August 28. JPMorgan arranged the deal; the money buys GPUs that Microsoft has already agreed to lease. It is Lambda's second major debt raise in a month and part of more than $400 billion in AI infrastructure borrowing worldwide in 2026.
Updated Aug 29
As of July 2026: Matching $1,000 for employees' children
The program launched July 4, 2026, opening for contributions on America's 250th birthday. Treasury deposited $1,000 into 1.4 million eligible accounts, committing $1.4 billion in total; 6 million children are now enrolled.
Updated Jul 7
As of June 2026: Both a reference customer for Anthropic's financial agents and a lead underwriter for its IPO
Four weeks after unveiling its Wall Street agents, Anthropic filed a confidential S-1 with the SEC on June 1, 2026, backed by a $65 billion funding round at a $965 billion valuation. JPMorgan Chase—the bank whose CEO Jamie Dimon co-headlined the May 5 product launch—is one of three lead underwriters.
Updated Jun 3
As of May 2026: Reported record Q1 2026 profit of $5.94 EPS on $50.54B revenue, beating estimates
The six largest American banks wrapped up first-quarter 2026 reporting with combined net income of $47.3 billion, with trading floors thriving on Iran war volatility even as the outlook darkened. JPMorgan earned $5.94 per share on $50.54 billion in revenue as fixed-income trading surged 21 percent to $7.08 billion, while Citigroup posted its best quarterly revenue in a decade at $24.63 billion. Bank of America earned $1.11 per share, its highest in nearly two decades. Morgan Stanley posted a record equities trading quarter of $5.15 billion and a 29 percent jump in profit. Goldman Sachs led the week with record equities trading revenue of $5.33 billion. The banks announced roughly 5,000 job cuts, using the profit windfall to trim headcount rather than expand.
Updated May 31
As of May 2026: Settled for $365 million total (victims + U.S. Virgin Islands)
Bank of America agreed to pay $72.5 million to settle a lawsuit alleging it ignored red flags in Epstein's banking, including over $170 million in Leon Black payments not reported as suspicious until his 2019 death. On April 3, U.S. District Judge Jed Rakoff approved the settlement, following $290 million JPMorgan Chase and $75 million Deutsche Bank settlements in 2023.
Updated May 30
As of May 2026: Building owner and occupant
For 60 years, the Union Carbide Building stood at 270 Park Avenue—a 52-story modernist landmark designed by pioneering woman architect Natalie de Blois. JPMorgan Chase demolished it and built something nearly twice as tall: a 1,388-foot supertall skyscraper that runs entirely on hydroelectric power and houses 14,000 employees.
Updated May 27
As of May 2026: Defendant in $5 billion lawsuit; cited by OCC for debanking practices
Donald Trump banked with JPMorgan Chase for decades; after the January 6 Capitol attack, the bank gave him 60 days to move hundreds of millions of dollars. As sitting president, he's suing the bank and its CEO for $5 billion, alleging political discrimination.
Updated May 22
As of May 2026: Launching and scaling the Security and Resiliency Initiative
Berkshire Hathaway is executing a leadership transition as Warren Buffett hands the CEO role to Greg Abel on January 1, 2026. The transition includes a CFO succession plan, a new in-house general counsel, and a new GEICO CEO. JPMorgan Chase is launching a $1.5 trillion, decade-long Security and Resiliency Initiative (SRI) to finance and invest in U.S. critical industries.
Updated May 10
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