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JPMorgan Targets Fintechs with New Fees Amid Stock Dip

7/12/2025

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Summary

Story summary

JPMorgan Chase & Co. reported a trading volume of $2.107 billion on July 11, 2025, with a 0.46% stock price decline.
The bank intends to impose fees on fintech companies for accessing customer bank data, potentially reaching hundreds of millions.
This move may disrupt fintech business models, affecting firms such as PayPal and Coinbase.
The proposed fees remain negotiable and depend on upcoming regulatory changes.

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Story summary

JPMorgan Chase & Co. reported a trading volume of $2.107 billion on July 11, 2025, with a 0.46% stock price decline.
The bank intends to impose fees on fintech companies for accessing customer bank data, potentially reaching hundreds of millions.
This move may disrupt fintech business models, affecting firms such as PayPal and Coinbase.
The proposed fees remain negotiable and depend on upcoming regulatory changes.