J P Morgan

Health of J P Morgan Reflecting through its Hiring Spree

Some worries regarding the Brexit effect on the economy were alleviated after J P Morgan Chase and Co. started the bank earnings season with a brighter note. The better than expected earnings results signal at a strengthening U.S. economy and continued healthy consumer base. Additionally, earlier in the week, the bank announced a planned raise in the minimum wages to as much as $16.50 an hour from $10.15 an hour over the years.

Investigation on predatory-lending practices

JP MorganOn Monday New York Attorney General Andrew Cuomo said that subpoenas have been issued to units of J. P. Morgan Chase & Co. and Citigroup Inc. as part of an investigation which is underway into alleged predatory-lending practices involving health-care credit cards.

J.P. Morgan hopes to do well through Abu Dhabi branch

JP-MorganThe US bank J. P. Morgan has inaugurated its new office in Abu Dhabi this week for pushing its operations in the United Arab Emirates. The lender is expected to make optimum use of the location which is a business, political and financial hub of the UAE.