The Latest Breaking News from Jamie Dimon

Bank executives warned House lawmakers that the biggest lenders in the mortgage market are nonbanks that face fewer capital requirements.

The country's top bank chiefs endorsed U.S. Federal Reserve rate hikes as a means to tame soaring inflation, while acknowledging there will be pain ahead, when appearing before Congress during a wide-ranging and mostly sedate hearing on Wednesday.

Two of the nation's largest banks, JPMorgan Chase & Co (NYSE: JPM) and Morgan Stanley (NYSE: MS), reported quarterly earnings Thursday that failed to meet analyst expectations, and more seriously, profits were dow

JP Morgan missed Wall Street estimates by a wide margin Thursday morning. Earnings per share fell 27%. JPM stock slid in early trade.

New York (AFP) - JPMorgan Chase reported a drop in second-quarter profits on Thursday and warned that a weakening global economic outlook prompted the firm to set aside additional funds to cover potential bad loans.

JPMorgan set aside more than $1 billion to cover potential bad loans as it posted softer-than-expected second quarter earnings and cautioned on "negative consequences" for the global economy.

Stocks lower as inflation shock triggers steeper Fed rate bets; JPMorgan kicks-off bank earnings amid Jamie Dimon's 'hurricane' warning; TSMC sees 'firm' chip demand after solid Q2, robust global outlook; Celsius Network files for bankruptcy, won't seek authority to allow withdraws and Tesla loses autopilot executive as Musk chases self-driving…

The Fed will continue raising interest rates this week as inflation continues to soar. Some CEOs worry the fight to bring prices under control could end up sparking an economic downturn.

Shares of the ARK Innovation ETF (NYSE: ARKK) dropped 8% Monday and are now down 68.6% over the past 12 months. ARKK fund manager Cathie Wood said Monday morning that the credit default market seems to confirm that the market outlook has significantly worsened.