JPMorgan is working with Morgan Stanley to arrange a $13 billion financing package for Meta’s El Paso data center, funding most costs with debt and the remainder through equity. Meta has boosted its commitment to about $10 billion this year and aims for 1 gigawatt of AI infrastructure capacity by 2028.

The bank unveiled a new mobile app waiving service fees and enabling 17-year-olds to open accounts under its push to attract 30 million young adults. A JPMorgan survey of 4,415 Americans aged 18–24 found 64% struggle to build savings, while half value both mobile tools and in-person access equally.