Rising home prices and conservative borrowing have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity increase by...Real Estateread more
SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
The Mac Pro is the only major Apple computer to be assembled in the United States. Most of Apple's products, including the iPhone, are assembled in China and are facing tariff...Technologyread more
CNBC's Jim Cramer calls on investors to be wary of the slew of hyped-up unicorn companies going public this year and encourages the focus to be on deliverable earnings.Investingread more
Toys R Us' bankruptcy caused a 7% surge in sales for the toy industry during the first half of 2018 as parents stocked up, then sales fell 2% as manufacturers experienced...Retailread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
The RNC paid $166,390 in August to the office of Mintz Levin for "legal and compliance services," according to a disclosure filing.Politicsread more
Trump has called Chairman Jerome Powell "clueless" and Fed officials "boneheads."The Fedread more
Trump's call with the foreign leader is reportedly the subject of a whistleblower's complaint that has spurred new accusations of wrongdoing from Democrats.Politicsread more
The solider, Jarrett William Smith, 24, of Fort Riley, Kansas, was charged with one count of distributing information related to explosives and weapons of mass destruction,...Politicsread more
Harvard economist N. Gregory Mankiw says ultra-wealthy couples could split their fortunes in half through divorce and avoid paying a wealth tax proposed by presidential...Wealthread more
JPMorgan CFO Marianne Lake said Friday that her bank is conducting a "deep dive" into potential cross-selling issues.
"I've found no systemic issues," she said.
Lake, however, explained that "it's impossible to have zero defects," acknowledging that there have been some instances of cross-selling issues of their own.
Attentions are turned to the subject since Wells Fargo become the focus of intense criticism and multiple investigations as a result of a phony bank accounts scandal. That bank paid $185 million in penalties for opening roughly 2 million consumer deposit and credit card accounts without customer authorization.
Wells' John Stumpf retired Wednesday as chairman and CEO at the bank, which still faces a number of ongoing investigations by regulators, as well as private lawsuits.
On the JPMorgan earnings call, Lake said the bank is focused on developing "deep customer relationships," so cross-selling is an outcome, but not necessarily an objective.
JPMorgan announced Friday that it had easily topped expectations for its third-quarter results, saying it had seen strong loan growth.
The bank reported quarterly earnings of $1.58 per share on revenue of $25.51 billion. Analysts had expected earnings of $1.39 a share on about $24 billion in revenue, according to a consensus estimate from Thomson Reuters.
—CNBC's Wilfred Frost contributed to this report.