Digital banks and fintechs dominate new checking account opening. They have a problem looming on the horizon, however.
Complaints about unfair and unexplained closures are rising. Banks say they never close accounts for political reasons.
Two of the oldest and most well-known banks in the United States, JPMorgan Chase & Co. (JPM) and Wells Fargo & Company (WFC), offer private banking services to account holders who maintain balances ...
JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat ...
NEW YORK (Reuters) -Bank of America and JPMorgan are set to lobby the White House and Congress about allegations of selectively closing customer accounts, arguing regulation around assessing ...