JPMorgan Chase to Lay Off 1,000 Employees

JPMorgan Chase to Lay Off 1,000 Employees

JPMorgan Chase, the largest bank in the United States, announced on Tuesday that it would lay off 1,000 employees. The layoffs are part of a broader effort by the bank to reduce costs. The layoffs will affect employees across all levels and functions, and will be...
US Bank to Acquire Digital Bank Simple

US Bank to Acquire Digital Bank Simple

US Bank, the fifth-largest bank in the United States, announced on Monday that it would acquire Simple, a digital bank that caters to millennials. The deal is valued at $11 billion. Simple was founded in 2011 and has about 1 million customers. The bank offers a...