C Mar 2025 72.500 put
- Yahoo Finance Video
JPMorgan to open nearly 100 new branches in low-income areas: WSJ
In an increasingly digitized banking era, JPMorgan Chase (JPM) is looking to plant more brick-and-mortar roots. The firm announced plans to hire 75 community managers and expand its network of senior business consultants from 35 to 38 cities by the end of the year. In addition, according to The Wall Street Journal, CEO Jamie Dimon has plans to open nearly 100 new branches in low-income areas across the country. These locations will not only serve as neighborhood banks, but will also include spaces where the public can attend small business and financial education workshops organized and run by JPMorgan. Wealth! Host Brad Smith reports more on the story and breaks down why more banks are looking to physically expand. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
- Zacks
Citigroup's 2013 AML Enforcement Action Terminated by Federal Reserve
The enforcement action against C from 2013, which addressed flaws in the bank and its subsidiaries' AML practices, is officially terminated by the Fed.
- Reuters
Fed terminates 2013 money-laundering enforcement action against Citigroup
WASHINGTON (Reuters) -The Federal Reserve announced on Tuesday that it had terminated a 2013 enforcement action it filed against Citigroup over shortcomings in its capacity to police money laundering. Citi announced in late 2023 it planned to split Banamex from the rest of the bank in the second half of 2024. A Citi spokesperson declined to comment on the Fed action.
