WebWhen JPMorgan Chase acquired Frank nearly two years ago, the Federal Reserve had yet to embark on an aggressive series of interest rate hikes in its effort to fight inflation. In the … WebWhen JPMorgan Chase acquired Frank nearly two years ago, the Federal Reserve had yet to embark on an aggressive series of interest rate hikes in its effort to fight inflation. In the 2010s, the Fed's interest rates rarely exceeded 2%. The Fed slashed rates to near-zero levels during the pandemic to stimulate the economy.
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WebSee more of Ultra Zero Fight on Facebook. Log in. or WebIronHeart/Getty Images(NEW YORK) -- JPMorgan Chase trumpeted its $175 million acquisition of a college financial planning company called Frank in 2024, boasting that the firm served more than five million students. Little more than a year later, however, the nation's largest bank sued Frank founder Charlie Javice, saying she and another executive … st. thomas boat rentals
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