Nupur Anand

JPMorgan Chase CEO Jamie Dimon will remain at the bank and has no plans to join Donald Trump's administration despite questions about whether he would take a senior government role after the U.S. presidential election, a source said.

JPMorgan Chase CEO Jamie Dimon blasted several major U.S. regulatory initiatives on capital rules, card payments and open banking at a conference on Monday.

Wells Fargo Chief Executive Officer Charlie Scharf said on Thursday that the U.S. lender may lose $2 billion to $3 billion on its commercial real estate office loan portfolio.

JPMorgan Chase's third-quarter profit beat expectations as strong investment banking performance and rising interest payments offset a hit from bigger loan loss provisions, sending its shares up before the market open.

JPMorgan Chase and Wells Fargo kick off earnings for the sector on Friday, and investors are expected to focus on the big banks' forecasts for net interest income after strong jobs data fueled uncertainty about the path of future Federal Reserve rate cuts.

Questions hang over who will succeed JPMorgan Chase CEO Jamie Dimon and when, but analysts and investors say one thing is almost certain: the bank's stock will slump when the powerful bank chief eventually departs.

JPMorgan Chase CEO Jamie Dimon plans to travel to Africa in mid-October in a push by the biggest U.S. lender to expand on the continent, four sources familiar with the matter told Reuters, his first trip there in seven years.

U.S. consumers' late payments on credit cards and other loans are starting to level off in recent months after rising earlier in the year, bankers and industry analysts said this week.

Wells Fargo's latest regulatory rebuke for insufficient efforts to combat money laundering will probably prolong another ongoing major regulatory punishment that has limited growth at the bank, analysts said.

Wells Fargo shares slid on Thursday after a U.S. banking regulator found its safeguards against money laundering and other illegal transactions were too lax and restricted its ability to expand in risky businesses.