JPMorgan to raise deposit rates for some big clients in Jan: WSJ

December 28, 2015 8:16 PM

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JPMorgan to raise deposit rates for some big clients in Jan: WSJ

JPMorgan Chase & Co (JPM.N) will begin raising deposit rates for some of its biggest clients in January, the Wall Street Journal reported, citing a person familiar with the matter.

The bank’s deposit-rate increase will affect most institutional clients and the size of the increases will vary, the Journal reported, citing the person.

Also read: Sears Stock Stumbles After Going-Concern Warning

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