• Goldman Sachs sees two COVID-19 cases as workers return to the office

    Goldman Sachs sees two COVID-19 cases as workers return to the office

    Goldman Sachs has seen two employees test positive for COVID-19 in the last two weeks — just as the megabank has begun to prod workers back into the office, sources told The Post. One of the cases appears to have affected Goldman’s trading operation, and the bank has sent some workers in that division home …
  • COVID-19 case may derail JPMorgan’s back-to-work push

    COVID-19 case may derail JPMorgan’s back-to-work push

    Jamie Dimon’s back-to-the-office push despite the pandemic has already run into trouble. JPMorgan Chase was forced to send some workers its New York City headquarters home this week after an employee in the bank’s equities trading and sales division tested positive for the deadly coronavirus, sources told The Post. An insider said the banking giant  …
  • JPMorgan Chase reportedly tells some staff to return to the office

    JPMorgan Chase reportedly tells some staff to return to the office

    JPMorgan Chase executives told senior employees of the bank’s sales and trading operation that they and their teams must return to the office by Sept. 21, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Trading chief Troy Rohrbaugh and Marc Badrichani, the bank’s global head of sales and research, delivered …
  • JPMorgan probing alleged misuse of coronavirus relief funds by staff

    JPMorgan probing alleged misuse of coronavirus relief funds by staff

    JPMorgan is investigating employees who may have been involved in the misuse of federal funds meant to help small businesses and other customers hurt by COVID-19 shutdowns, according to an internal memo seen by Reuters. The bank said it had found cases of customers “misusing Paycheck Protection Program loans, unemployment benefits and other government programs,” …
  • JPMorgan Chase reportedly had talks about putting banks inside USPS locations

    JPMorgan Chase reportedly had talks about putting banks inside USPS locations

    The United States Postal Service wants to get back into the banking business — and Jamie Dimon appears eager to help. USPS officials are considering a pilot program that would allow Dimon’s JPMorgan Chase to lease space at post offices for ATMs and provide other financial services at locations across the country, according to a …
  • Warren Buffett confuses Wall Street as he buys gold, sells Goldman Sachs

    Warren Buffett confuses Wall Street as he buys gold, sells Goldman Sachs

    Warren Buffett has given up his long-held conviction against buying gold — and he’s meanwhile getting out of Goldman Sachs. The totemic tycoon revealed in filings late last week that he has scooped up more than 20 million shares of mining giant Barrick Gold Corp. even as he unloaded nearly all of his nearly 2 …
  • Sandy Hook parents warn Jamie Dimon not to protect bankrupt Remington

    Sandy Hook parents warn Jamie Dimon not to protect bankrupt Remington

    Sandy Hook parents are warning JPMorgan CEO Jamie Dimon to stay out of their way as they continue their lawsuit against gunmaker Remington, which filed for bankruptcy protection on Tuesday morning. The Chapter 11 bankruptcy stands to shield Remington from outstanding legal actions, including the 2015 wrongful death suit filed by the families of nine …
  • JPMorgan Chase beats estimates, but second quarter profits plunge

    JPMorgan Chase beats estimates, but second quarter profits plunge

    JPMorgan Chase’s second quarter earnings beat analyst expectations, but its profits plunged 51 percent as the coronavirus pandemic weighed on big banks. The mega-bank on Tuesday reported net income of nearly $4.7 billion from April through June, down from about $9.6 billion in the same period last year. Its earnings per share of $1.38 were …
  • How small NJ bank Cross River distributed $5.4B in PPP funds

    How small NJ bank Cross River distributed $5.4B in PPP funds

    JPMorgan Chase’s closest local rival in the race to lend out US coronavirus loans wasn’t Citigroup or BNY Mellon — it was a tiny, tech-savvy lender based in New Jersey. Jamie Dimon’s megabank handed out nearly $29 billion of government money to small businesses during the throes of the pandemic shutdown — the most of …
  • Federal Reserve reins in bank spending on pandemic fears

    Federal Reserve reins in bank spending on pandemic fears

    The Federal Reserve is making life a little harder for Jamie Dimon and his fellow big bankers until it gets more clarity on just how painful the coronavirus pandemic will be for the American economy. On Thursday, the Fed unleashed a series of restrictions on bank operations over the next few months, including a hard …