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24/7 Wall St.: Banks Hiding the Most (and Least) Fees

2. JP Morgan Chase Bank

Online Disclosures: 9 of 9
Information Available on Account Webpage: 3 of 9
Information Unavailable Online or at Branch: 0 of 9
Revenue: $110.84 billion

Large banks often gets a bad rap for not being upfront with customers about checking accounts. But Chase, the largest U.S. bank in terms of assets, has all of the disclosures available online, a few of them even available directly on the account holder’s webpage. In March, the company also became one of only a few banks to adopt Pew’s disclosure box, which places all the information in an easy-to-read schedule.

JP Morgan (NYSE: JPM) has been considered the best-run bank in the United States since the credit crash of 2008. CEO Jamie Dimon was able to steer the firm’s activity away from many of the derivative credit instruments that so badly damaged Bank of America (NYSE: BAC) and Citigroup (NYSE: C). JP Morgan’s management tarnished its reputation recently when it was forced to announce that it had lost at least $2 billion in trades done in its London office. Those losses are expected to rise. (AP Photo/Bebeto Matthews)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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