JPMorgan under pressure

JPMorgan shares under pressure amid news of planned Senate investigations.

Investigation into ties with Jeffrey Epstein

Democrats in the US Senate Banking Committee plan to launch an investigation into JPMorgan's ties with Jeffrey Epstein following the formation of the new Congress. According to Reuters, major Wall Street banks are preparing for extensive scrutiny. Starting in January, Democrats will have the authority to request banking documents and summon top executives for hearings.

Key areas of regulatory scrutiny

Regulators will focus on the following aspects of banking operations:

• excessive fees
• high credit card interest rates
• unfair lending practices
• mortgage accessibility
• weakening of consumer protection measures under the Trump administration