The potential charges, says Marianne Lake, CEO of consumer and community banking at JPMorgan, are a result of new regulatory rules that cap overdraft and late fees. Lake says Chase will be passing along those increased expenses to customers, which would put an end to now-free services such as checking accounts and wealth management tools. And she says she expects other banks will follow suit.
I suspect her own family hates her, as she has that sociopath smirk that only comes from her bitter desire to make everyone miserable. All for a small slight she received in grade school.
Looks like she might be replacing that other sociopath - Jamie Dimonhands.
Sociopaths all the way down.