Hints and tips:
...In addition, central banks have mopped up a further $155bn of gold as the likes of the People’s Bank of China have increasingly favoured the metal for their foreign exchange reserves....
...For the US banks, Alan Johnson, head of pay consultancy Johnson Associates that works with Wall Street firms, estimates bonuses will have their biggest declines since the 2008 housing crisis....
...At JPMorgan Chase, investment banking head Vis Raghavan regularly told recruits, “You’re either reading the news or making the news.”...
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...over freelance earnings Inflation: Inflation tests pricing power of global brands Market structures: Ethiopian telecoms sell-off flops in wake of economic and security concerns Exchange rates: Turks chase...
...Bankers working in wealth management, an area where all large banks are trying to grow, are set to see their bonuses rise this year, according to Johnson Associates....
...Several banks, including JPMorgan Chase, also cut ties from the hedge fund following the FT’s investigation....
...Job moves Deutsche Bank has named Vathany Vijayaratna, most recently head of non-financial risk for its investment bank, as chief executive of its UK and Ireland business....
...Timi Merriman-Johnson Yeah....
...I think it’s a good sign,” said a senior executive at a bank that did not work on the deal. Goldman Sachs, JPMorgan Chase and Bank of America were lead underwriters on the listing....
...Smart reads Bad investments After Peter Doelger’s $50mn fortune fell to a fraction of that amount under JPMorgan Chase’s management, the bank claimed it was acting on his wishes to take risks....
...That’s what we missed: how the policy response to the regional banking crisis stabilised the banking system, which allowed a pretty sharp V-shaped recovery....
...Kenvue, underwritten by Goldman Sachs, JPMorgan Chase and Bank of America, hit the public markets in May, at a valuation of $41bn....
...If you like shaggy dog stories, you may enjoy The Feather Thief by Kirk Wallace Johnson, which I have just finished reading....
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...One scoop to start: JPMorgan Chase has stepped up the pace at which it is securitising billions of dollars of its loan portfolio in anticipation of proposed new US capital requirements for large banks, said...
...Odey Asset Management is in new and dangerous territory after JPMorgan Chase served notice on its agreement to safeguard assets for the hedge fund’s clients as its custodian....
...In total, JPMorgan Chase analysts estimate the whole Signa Group to owe more than €13bn....
...JPMorgan is now the largest bank in the US by assets, deposits and market capitalisation, with Chase bank branches in 48 states....
...account while opening an account with JPMorgan Chase....
...Trump and Johnson: The reactions of Boris Johnson and Donald Trump to their latest travails are strikingly similar, writes Gideon Rachman....
...Because you look at the biggest banks, you know, the JPMorgan Chase’s, the Bank of America’s, the Wells Fargo’s — they’re deemed systemically important to the US economy and to the global economy....
...Behind the bank merger Who would be behind another bank rescue but JPMorgan Chase boss Jamie Dimon, who helped orchestrate the deal between Banc of California and PacWest at his private beach club, Bloomberg...
...News round-up Leon Black sues law firm behind abuse accusers’ cases (FT) US imposes sanctions on four Russian tycoons connected to Alfa-Bank (FT) FCA begins probe into banks and ‘politically exposed persons...
...JPMorgan Chase agreed to pay $290mn to settle one of two lawsuits over its 15-year relationship with Jeffrey Epstein, which accused the bank of profiting from human trafficking by ignoring multiple internal...
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