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JPMorgan hires new chief technology officer, memo says

JPMorgan Chase hired former PayPal executive Sri Shivananda as its new chief technology officer (CTO), the bank said in a memo on Monday, the latest senior hire tasked with deploying some of its $17 billion tech budget. Shivananda will start later this month and succeed A.J. Lang, who announced his plans to retire earlier this year, according to the memo seen by Reuters. The new executive has a track record of business growth and innovation that will help JPMorgan to "tackle complex technological challenges," Beer wrote.

New yorkUnited statesManoj sindhwaniLananh nguyenNupur anandDavid evansJamie dimonDarrin alvesJeremy barnumSri shivanandaLori beerChief financial officer jeremy barnum

JPMorgan s wealth profits fall 26% on high compensation expenses

JPMorgan s wealth profits fall 26% on high compensation expenses
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Jamie dimonJeremy barnumFirst republic bankFederal reserveWall streetChief financial officer jeremy barnum

JPMorgan says CEO transition a top priority , drops hint at Jamie Dimon s successor

JPMorgan Chase s board said an orderly CEO transition is a top priority for the largest US bank in the medium term, 18 years after Jamie Dimon took the helm.

Jennifer piepszakChris marinacJames gormanJamie dimonJanney montgomery scottPeter orszagDaniel pintoMichael nealTimothy flynnDonald trumpJeremy barnumTroy rohrbaughMary erdoesMorgan stanleyJanney montgomeryChief operating officer daniel pinto

Tuum Raises $26 Million Amid Banking s Digital Evolution

Core banking platform Tuum has raised $26 million in a Series B funding round to expand to new parts of Europe and the Middle East.

United statesMyles bertrandJeremy barnumMiddle eastPerceived security acrossChief financial officer jeremy barnum

Credit card debt is up—and it s taking longer to pay down

Customers of biggest U.S. banks have steadily increased unpaid balances

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