JPMorgan says fintech middlemen like Plaid are ‘massively taxing’ its systems with unnecessary pings

Key Points

JPMorgan Chase said that the fintech middlemen that have helped a new generation of financial apps connect with traditional checking accounts are flooding the bank’s systems with unnecessary data requests.
Of 1.89 billion data requests from middlemen hitting its systems in June, only 13% were initiated by a customer for transactions, according to an internal JPMorgan memo seen by CNBC.
The majority of data pulls, known as API calls, were for purposes ranging from helping fintech companies improve their products or prevent fraud to other efforts including harvesting data for sale, said a person with knowledge of the memo.

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Finance

Stocks making the biggest moves after hours: Nike, Dave & Buster’s, RH and more

March 31, 2026

Check out the companies making headlines after the bell : Nike — The athletic apparel stock slipped 2% after its North America revenue came in at $5.03 billion, while analysts surveyed by LSEG had expected $5.04 billion. However, Nike posted fiscal third-quarter earnings of 35 cents per share and $11.28 billion in revenue. That exceeded […]

Finance

Warren Buffett says Iran bomb would make nuclear disaster harder to avoid

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Key Points Berkshire Hathaway chairman Warren Buffett said that the rising number of nuclear-armed states has altered the global risk landscape. “I would say that one way or another… in the next 100 years — maybe it’s 200 years, who knows — something will happen to cause it to be used,” he said. Source

Finance

While low-income consumers struggle with rising gas prices, higher earners grow nervous as markets fall

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Higher oil prices due to the U.S.-Iran war are straining an already strapped lower-income consumer . But as equities fall, there’s a warning sign that higher earners are also starting to feel the heat. Internal data from Bank of America on credit and debit card spending revealed that from the start of the war through […]