Founder of startup bought by JPMorgan found guilty at fraud trial

By Luc Cohen and Tatiana Bautzer NEW YORK (Reuters) - Entrepreneur Charlie Javice was convicted on Friday of defrauding JPMorgan Chase into buying her college financial aid startup Frank for $175 million in July 2021. The verdict followed a five-week trial …

In closing remarks, prosecutor says Frank founder lied to JPMorgan Chase to secure $175M deal

VOL. 49 | NO. 13 | Friday, March 21, 2025 NEW YORK (AP) — A Florida woman deployed a "brazen fraud" to sell her student aid startup to JPMorgan Chase & Co. for $175 million after dramatically exaggerating its customer base, a prosecutor told …

In closing remarks, prosecutor says Frank founder lied to JPMorgan Chase to secure $175 million deal

NEW YORK (AP) — A Florida woman deployed a “brazen fraud” to sell her student aid startup to JPMorgan Chase & Co. for $175 million after dramatically exaggerating its customer base, a prosecutor told jurors Wednesday in a criminal trial’s closing …

Affirm announces JPMorgan Chase merchants can now offer installment loans at checkout

Fintech lender Affirm said Tuesday that it’s reached an agreement with JPMorgan Chase to offer its buy now, pay later loan services to merchants on the bank’s payments network. U.S. merchants who use JPMorgan to handle payments can soon add Affirm to their …

Affirm announces JPMorgan Chase merchants can soon offer installment loans at checkout

Max Levchin, co-founder of PayPal and Affirm David Paul Morris | Bloomberg | Getty Images Fintech lender Affirm said Tuesday that it's reached an agreement with JPMorgan Chase to offer its buy now, pay later loan services to merchants on the bank's …

Clients of JPMorgan Chase, Bank of America, and Wells Fargo accumulate trillions of dollars in uninsured deposits

In 2010, under the Dodd-Frank Act—passed by Congress in response to the 2008 financial crisis—the Federal Deposit Insurance Corporation (FDIC) increased its deposit insurance limit to $250,000. In other words, if you place your money in an FDIC-protected …

JPMorgan Chase Launches New ETN Betting on Volatility

Last week, JPMorgan Chase launched its Inverse VIX Short-Term Futures ETNs (VYLD), which seeks to provide exposure to the daily returns of an index shorting futures tied to the Cboe Volatility Index (also known as the VIX). The new product is designed to …

Ana Botín runs a bank with more customers than JPMorgan Chase or Bank of America—and says her job takes the discipline ...

JPMorgan Just Beat Big Tech to a Quantum Breakthrough

At JPMorgan Chase headquarters, a quiet quantum coup: the bank just beat Big Tech to a breakthrough in certified randomness—marking a rare win for Wall Street in the race to make quantum computing useful. Getty Images Pulling numbered balls out of a mixing …

What Is DOI? JPMorgan Chase Introduces New Change To DEI Program, Now Called ‘Diversity, Opportunity and Inclusion’ 

JP’s Chief Operating Officer Jenn Piepszak says the team believes the change is more aligned with their approach. A memo from JPMorgan Chase announced a change to its diversity, equity and inclusion (DEI) programs, to labelling it “Diversity, Opportunity …