Contact Us
Armonk Daily Voice serves Armonk, NY
Return to your home site

Menu

Armonk Daily Voice serves Armonk, NY

Nearby Towns

Breaking News: Armed Suspect On Loose After Northern Westchester Robbery
business

J.P. Morgan Will Charge Large Clients In Westchester, Nation Deposit Fees

J.P. Morgan will begin charging its larger institutional clients deposit fees.
J.P. Morgan will begin charging its larger institutional clients deposit fees. Photo Credit: Wikimedia Commons

WESTCHESTER COUNTY, N.Y. -- J.P. Morgan Chase & Co. is set to start charging large institutional clients in Westchester and throughout the U.S. deposit fees, according to marketwatch.com.

The new measure will not impact regular retail clients, but institutions like hedge funds, financial firms and private equity firms could see the new charges, marketwatch.com said.

J.P. Morgan said holding funds for larger clients is becoming too costly and is now looking to discourage these types of large deposits, marketwatch.com reported.

Click here to read the full article .

to sign up for Daily Voice's free daily emails and news alerts.

Welcome to

Armonk Daily Voice!

This is a one time message inviting you to keep in touch

Get important news about your town as it happens.