$AMJB

JPMorgan Chase (JPM) partnered with Thunes to expand cross-border payments, integrating Thunes' Direct Global Network with J.P. Morgan Payments' Xpedite Remit. This aims to make international payouts faster and more reliable, supporting over 100 corridors and 12 billion bank accounts and mobile wallets. The partnership benefits JPMorgan's Consumer & Community Bank division, enhancing payout experiences for 94 million customers.

JPMorgan announced Francesco Lavatelli will become senior country officer for Japan and CEO of JPMorgan Securities Japan on Dec. 1. Masanori Kato was named Tokyo branch manager. Steve Rinoie will become global chair of investment banking. The changes follow Rinoie's departure from the prior roles.

Shares of banks, insurers, and travel agencies fell as investors worry about Meta's AI agent, Muse, disrupting industries reliant on consumer inertia. Meta's stock rose 11% on Monday. Affected companies include JPMorgan, Morgan Stanley, Allstate, Charles Schwab, Expedia, and Booking Holdings. Goldman Sachs identifies telecoms, insurance, and utilities as sectors at risk.

Citi, JPMorgan Chase, and Mastercard are expanding into commerce media, using transaction data from millions of customers to help advertisers target and measure campaigns. Citi launched Citi Commerce Media, leveraging insights from 70 million customers and 6.5 billion annual transactions. Research shows significant revenue potential, with $42.4 billion in missed offers in recent spending. Banks see commerce media as a new revenue stream alongside interchange fees.

JPMorgan Chase appoints Lori Feinsilver as head of U.S. wealth management communications, effective Sept. 28. She previously held roles at Kroll, UBS, and Merrill Lynch. Pablo Rodriguez, JPMorgan's chief communications officer, highlights her experience in wealth management and communications. Separately, Thunderly hires Emily George as VP of client services, focusing on franchise brands.

JPMorgan is considering opening an office in Uruguay, according to its Southern Cone chief, but has not confirmed any plans. Uruguay's wealth management industry grew 12.2% in 2025, managing $47.29B for 88,298 clients, with Argentine residents making up the largest group. The country offers tax incentives for foreign investment.

A7, a Kremlin-backed fintech company, moved $6.9bn through global banks like Standard Chartered, Citigroup, and others via a forgery scheme. The company used front entities and forged documents to bypass sanctions and facilitate payments, including for war-related goods. A7's operations involved multiple banks and countries, with significant flows routed through Hong Kong and the UAE.

JPMorgan Chase's shares fell 3.8% to $338.65 despite its role in Victory Giant Technology's $2.6B Hong Kong share sale. Victory Giant produces AI server components. JPMorgan's share price is 10.08% above its GF Value estimate. The deal highlights the bank's access to Chinese AI issuers, though geopolitical risks remain.

JPMorgan Chase CEO Jamie Dimon advised the US to assess the impact on Indian refiners and global oil markets before imposing tariffs on Russian oil buyers, including India. He questioned the effectiveness of tariffs in pressuring Russia, citing potential disruptions to Indian refineries and global oil markets.

Shares of JPMorgan Chase (JPM), Bank of America (BAC), and Citigroup (C) fell 2% to 3% due to concerns that AI advancements may disrupt the banking sector. The selloff followed Meta Platform's unveiling of its AI agent, Muse. Brokerages Charles Schwab (SCHW) and LPL Financial (LPLA) also declined over 5% on similar fears. JPM has a Moderate Buy rating with a $378.67 average price target, implying 9% upside.