Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
722,032+456
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
7.00%0.01
Mortgage

JPMorgan Chase simplifies bank structure

According to the Financial Times, JPMorgan Chase (JPM) CEO Jamie Dimon is responding to a new wave of regulatory probes by refocusing the firm, getting rid of non-core businesses and bringing expertise in-house, rather than outsourcing. The publication explains:

Amid increasing concern in Washington that some banks are “too big to manage”, the JPMorgan chief executive told staff that getting rid of non-core business units, especially those with legal or regulatory risks, was a “key initiative”.

“We are also proactively trying to decrease the number of vendors we have, which reduces complexity in our business and creates more jobs internally,” he said, a move that goes against a trend for banks to outsource services and shows the desire to impose more control," Dimon said.

Most Popular Articles

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please