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Tag Archives: J.P. Morgan

Gun owners trade thousands of firearms for debit cards

Jeremy Simon

Hundreds of people recently chose debit cards over guns during recent firearm exchange programs in Brooklyn, N.Y., and Chicago. Local law enforcement in those cities distributed hundreds of thousands of dollars in J.P. Morgan prepaid debit cards to citizens in exchange for more than 7,500 working firearms — no questions asked.
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J.P. Morgan Chase, Wells Fargo earnings slip

Jeremy Simon

In the latest earnings announcements from major U.S. credit card issuers, both J.P. Morgan Chase and Wells Fargo said their net income declined in the fourth quarter, even as both banks appeared to avoid the full impact of the subprime meltdown.
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