JPMorgan Chase bank policy rollback on de-banking conservatives and nonprofit groups

JPMorgan Chase bank has rolled back a policy that led to the de-banking of several conservatives and nonprofit groups after facing criticism from Alliance Defending Freedom. The bank's WePay service had restrictions on accepting payments related to 'social risk issues.' Despite progress, ADF believes Chase still has work to do in terms of viewpoint diversity.

JPMorgan Chase WePay Policy Rollback

JPMorgan Chase rolls back its WePay service policy that discriminated against conservative individuals and nonprofit organizations, causing them to be de-banked. The Alliance for Defending Freedom (ADF) praises the bank for eliminating the controversial policy.

Artificial Intelligence and its Impact on Various Sectors

Air Force Secretary Frank Kendall plans to ride in an AI-operated F-16 fighter aircraft this spring. JPMorgan Chase CEO Jamie Dimon discusses implications of AI on the economy. Zola launches a new tool to help couples with wedding planning decisions. Larry Summers warns of job market changes due to artificial intelligence.

Jamie Dimon's Annual Letter to JPMorgan Chase Shareholders

Jamie Dimon's annual letter to JPMorgan Chase shareholders highlights concerns about the economy being fueled by government spending, inflation risks, global uncertainty, and deep political divisions. He calls for industrial policy to be targeted, warns about deep political divisions at home, and expresses skepticism about proposed banking rules. Janet Yellen sees progress in China relations but cautions there's more work to do. The industry is ripe for consolidation, but challenges exist. A new white paper suggests that 70% of takeovers now succeed due to companies being smarter about M&A and having more practice.