John Pierpont Morgan Chase Company

What Makes a Bank “Least Evil” “Least evil” is a relative term. No bank is morally perfect, but some do much better than others on various ethical dimensions. Here are the main criteria by which people often judge banks on how ethical (or how “least evil”) they are: Transparency How open is the bank about where it invests depositors’ money? Does it publish its loans, investments, risks, environmental footprint, etc.? Environmental Impact Does it finance fossil fuels, deforestation, mining or other activities harmful to soil, water, air, biodiversity? Or does it lend to renewable energy, sustainable agriculture, green infrastructure? Social & Human Rights Policies Issues such as treatment of employees, equality, diversity, labor conditions, human rights in its supply chain, financing projects that affect local communities, indigenous peoples, etc. Governance & Ethics Executive pay, corruption, tax avoidance, accountability, ethical behavior in management. A...

What Bank Do Millionaires Use? Introduction: The Financial World of the Wealthy When people think of millionaires, they often imagine luxurious lifestyles, private jets, and exclusive privileges. Yet, behind that glamorous image lies a highly strategic approach to financial management — especially when it comes to where they keep their money. Ordinary people may deposit their savings into a local bank or credit union, but millionaires and ultra-high-net-worth individuals (UHNWIs) operate on a different financial level. They require banks that not only store their wealth but also grow, protect, and manage it strategically . So, what bank do millionaires use? The answer varies depending on their needs, but typically, millionaires turn to private banks , wealth management divisions , and investment institutions that specialize in catering to elite clients. Private Banking: The Core of Millionaire Finances Private banking is the foundation of wealth management for millionaires. It ...

What “Hard to Get Into” Means Before naming a specific bank, it helps to define what the phrase “hardest bank to get into” really means. It could refer to: Acceptance rate for internships, graduate programs, or full-time analyst roles. Selectivity based on academic background (prestige of university, GPA), work experience, skills. Assessment intensity , including technical interviews, fit/behavioral rounds, case studies. Competition : how many people apply vs how many spots are available. Prestige and demand : how much people want a role there, which drives volume of applicants. So when people say a bank is very hard to join, often they mean it combines extremely low acceptance rates, demanding interview / qualification criteria, and a very high volume of candidates. Which Bank Tends to Be Seen as the Most Difficult Based on recent data for major investment banks (Wall Street / global “bulge bracket” banks), Morgan Stanley is statistically the hardest to get...

Why “most hacked” is ambiguous “Hacked” can mean many things: a fraudster successfully moved money out of a bank (theft), an attacker stole customer data (data breach), criminals skimmed card numbers or abused ATMs, or nation-state groups probed and persistently attacked networks (reconnaissance and attempted intrusions). Some incidents are blunt and spectacular (an $81 million transfer), others are quiet but affect tens or hundreds of millions of people (mass data theft). Because different metrics matter to different audiences, any claim that one bank is the absolute “most hacked” will be incomplete unless you specify the metric. Regulators and security researchers therefore usually rank incidents by impact type (money stolen, records exposed, systems disrupted) rather than naming a single “worst offender.” ( Wikipedia ) The headline grabber: Bangladesh Bank (largest SWIFT heist) If you mean “biggest single theft,” the 2016 Bangladesh Bank heist is the most famous example. Hackers...

What’s the most hacked phone? Short answer up front There isn’t a single make-or-model that’s objectively “the most hacked phone” for all time — instead, attackers focus on platforms and weaknesses that give them the biggest payoff: large market share, slow patching, permissive app-install policies, and users who click suspicious links. In practice that means Android phones (by volume) are targeted far more often , while iPhones attract fewer but higher-profile attacks such as zero-click spyware. Both sides matter: volume-driven malware finds Android easier to scale, sophisticated surveillance tools have repeatedly targeted iOS, and real-world risk depends on which phone you use, how you configure it, and what you do with it. ( Backlinko ) Why it’s hard to name a single “most hacked” model When security researchers, vendors, and journalists talk about “most hacked” they mean different things: number of infections observed, number of vulnerabilities discovered, real-world spy-too...

Can Hackers Access My Bank Account? Introduction In today’s digital age, online banking has become a fundamental part of modern life. Millions of people access their bank accounts daily through smartphones, computers, and other internet-enabled devices. This convenience, however, comes with significant risks. As technology advances, so do the methods and sophistication of cybercriminals. One of the most alarming concerns among online users is whether hackers can access their bank accounts. The short answer is yes — hackers can access your bank account , but only if certain security weaknesses or careless behaviors are exploited. Understanding how hackers operate, the techniques they use, and the preventive measures available is crucial to safeguarding one’s financial information. How Hackers Gain Access to Bank Accounts Hackers employ various methods to access bank accounts, ranging from technical exploits to social engineering tactics. These attacks often target the weakest lin...

Background JPMorgan Chase & Co. is one of the largest banks in the U.S., with tens of millions of customer accounts. In 2014, it was subject to what became one of the biggest data breaches in American corporate history. The breach became public in September 2014, though parts of it had started earlier. ( Wikipedia ) Timeline The attackers began gaining entry as early as June 2014 . ( Al Jazeera ) The bank discovered suspicious activity (or the intrusion) around late July 2014 . ( Wikipedia ) The breach was not completely shut down until mid-August 2014 . ( Wikipedia ) Official disclosure to the public came in early October 2014. ( Wikipedia ) What Was Stolen / Exposed The breach exposed customer contact information and certain internal bank data associated with those customers. Specifically: Names, physical addresses, email addresses, and phone numbers of many customers. ( Al Jazeera ) Internal Chase data connected to those users—such as which line of b...

What counts as “hacked” Before diving into specific events, it’s useful to define what “hacked” means in this context. It can include: A cyberattack directly penetrating systems to steal data (accounts, passwords, personal info). System vulnerabilities or glitches exposing customer data. Insider threats (employees misusing access). Phishing or social engineering attacks affecting customers. Technical faults that are mistakenly perceived as hacks. Often, media reports conflate glitches or fraud misuse with a “hack,” so distinguishing between those is important. Confirmed incidents or exposures involving Chase Here are a few recent, verified events that show Chase has had security or data exposure issues. None so far are confirmed as a large‐scale breach in the sense of “hackers broke in and stole millions of password + account credentials,” but there are several concerning incidents. “Infinite Money Glitch” / Check Fraud Loophole In late 2024, a viral trend...

What “safe” means when we talk about banks When people ask “is my money safe at a bank like JPMorgan Chase?”, they usually mean: Will I lose my money if the bank fails or becomes insolvent? Are my funds protected against fraud, theft, or operational failure? Is there any risk from government policy, regulation, or external shocks? We’ll look at how JPMorgan Chase addresses those concerns. Regulatory and financial strength of JPMorgan Chase Size and reputation : JPMorgan Chase is one of the largest banks in the world, with a strong global presence, deep capital reserves, diversified operations, and considerable regulatory oversight. Large, well-capitalized banks tend to have more tools to withstand financial stress (e.g. losses, market downturns). Capital adequacy and ratings : The bank is subject to international banking regulations like Basel III, which enforce rules about how much capital (equity) a bank must hold relative to its risks. JPMorgan typically meets...

Historical Financial Misconduct and Risk Management Failures The “London Whale” Trading Loss (2012) JPMorgan’s Chief Investment Office in London made massive derivative bets, particularly on credit default swaps, in what came to be known as the “London Whale” trades. These positions became so large they distorted the markets. When those trades soured, the bank suffered a loss of about US$6 billion . The incident raised serious questions about the bank’s internal risk controls, oversight, and how much senior management understood or monitored such large, complex trading positions. ( Wikipedia ) Mortgage-Backed Securities and the Global Financial Crisis In the aftermath of the 2007-2008 financial crisis, JPMorgan faced claims for its past dealings in mortgage-backed securities. The bank agreed to a then-record settlement of US$13 billion in 2013 with U.S. authorities over mis-selling or misrepresentation related to those securities. Critics argue that while JPMorgan itself acquire...