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July 13, 2020
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Jamie Dimon

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Bank stocks surge after regulators ease Volcker Rule, JPMorgan Chase climbs 2%

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CNBC – For more and to sign up click here U.S. banking regulators are about to ease restrictions created in the aftermath of the financial crisis, a development that sent bank stocks surging Thursday.  Officials from the Federal Deposit Insurance Commission said on a call that they are loosening the......
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Companies are making bold promises about greater diversity — there’s a long way to go

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CNBC – For more and to sign up click here As protests sweep the nation, more and more companies are releasing statements and announcing initiatives aimed at promoting diversity and inclusion within their walls. Whether these promises lead to tangible outcomes remains to be seen, especially since corporations are not......
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Wells Fargo, worried about defaults, stops making loans to most independent car dealerships

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CNBC – For more and to sign up click here Wells Fargo is tapping the brakes on its auto loan business, CNBC has learned exclusively. The bank, one of the biggest lenders for new and used car purchases in the U.S., sent letters to hundreds of independent auto dealerships last......
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Jamie Dimon says JPMorgan is a ‘very valuable company at these prices’

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CNBC – For more and to sign up click here JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for megabanks in the Rayburn House Office Building on Capitol Hill in Washington, DC on April 10, 2019. Mandel......
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5 things to know before the stock market opens Tuesday

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CNBC – For more and to sign up click here 1. Dow erases losses after strong Walmart earnings Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin will testify virtually before the Senate Banking Committee starting at 10 a.m. ET. It’s the first update to Congress required by the......
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Jamie Dimon says coronavirus crisis is ‘wake up call’ for a more inclusive economy

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CNBC – For more and to sign up click here JPMorgan Chase CEO Jamie Dimon said Tuesday in a memo that the coronavirus crisis should be used to build an economy that offers opportunities for “dramatically more people.” The memo, issued ahead of his bank’s annual shareholder meeting, served as an update......

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