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Apple is switching the Apple Card issuer from Goldman Sachs to JPMorgan Chase over 24 months, starting in early 2026, as Goldman exits consumer banking. Core features like rewards and no fees are promised to continue, but users worry about potential changes to rates, perks, and integration. This shift could enhance or complicate the card's ecosystem.
Snyk's AI Readiness Framework is your roadmap for building and maturing secure AI development practices in the new AI risk landscape.
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Major U.S. banks like JPMorgan, Citigroup, Goldman Sachs, Bank of America, and Wells Fargo are integrating AI to enhance efficiency and cut costs, projecting significant job losses—up to 200,000 globally in 3-5 years—while emphasizing upskilling and new roles. This shift balances productivity gains with workforce adaptations.
Jamie Dimon defended JPMorgan Chase's plan to increase expenses by $9 billion to $105 billion in 2026, emphasizing heavy AI investments to compete with fintech disruptors and enhance efficiencies in fraud detection, customer service, and risk management. This strategy positions the bank as a leader amid economic uncertainties.
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Morgan Stanley promoted 184 employees to managing director in 2026, a 6% rise from 2025, amid rebounding dealmaking in M&A and IPOs. The diverse cohort emphasizes revenue roles, AI, tech, and biotech expertise, signaling industry optimism and talent retention strategies. This positions the firm for sustained growth in a competitive landscape.
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