2. JPMorgan JPM has signed an agreement with Banco Bilbao Vizcaya Argentaria, S.A., wherein it will refer Mexico private banking business clients to the latter's local unit in Mexico. This move comes as the U.S. bank plans on shutting its private banking division in Mexico and discontinuing wealth-management services that it provides in the region. 3. At an investors' conference held earlier this week, several major banks including Wells Fargo, JPMorgan and Citigroup C came up with updated guidance for the first quarter 2021.