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...Citigroup cut 5,000 jobs, Morgan Stanley shed 4,800, Bank of America 4,000, Goldman Sachs 3,200 and JPMorgan Chase 1,000. Collectively, the big Wall Street banks cut at least 30,000 staff in 2023....
...But banks led by JPMorgan Chase lobbied hard to underwrite a financing over the past four months....
...Being sole head of the consumer and community bank is a chance to show that she can run a division on her own. For JPMorgan watchers, Piepszak and Lake remain the two leading CEO contenders....
...These were bigger gains than at rival banks JPMorgan Chase and Citigroup, which reported results last week. Investment banking, meanwhile, had its best quarter in two years, with revenues of $2.1bn....
...JPMorgan Chase has stepped up efforts to lure New York’s top lawyers to its private bank, seeking to break rival Citigroup’s stranglehold on some of Wall Street’s wealthiest clients....
...One very senior banker noted that rival JPMorgan Chase has two female executives just below longtime leader Jamie Dimon, saying: “It’s possible that there will be a female CEO at JPMorgan, before there is...
...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....
...Jamie Dimon, chief executive of JPMorgan Chase, has warned that they risk making US banks uninvestable. Banking lobby groups have threatened lawsuits....
...Its private bank, which sits in a separate division under different leadership, caters to rich customers with more than $10mn in assets....
...JPMorgan Chase, the US rival it most wants to emulate, is worth $425bn. Now, the outlook is darker than ever....
...JPMorgan Chase has promoted 37 dealmakers to managing director, per Financial News....
...Rivals JPMorgan Chase and Morgan Stanley, which are less reliant on trading and investment banking, are expected to deliver improved EPS....
...JPMorgan Chase reported a 17 per cent year-on-year drop in quarterly net income, a smaller decline than analysts had anticipated as record income from lending helped offset the continued slowdown in investment...
...Shares in troubled Californian bank First Republic fell more than a quarter in afternoon trading on Friday despite a $30bn cash infusion from Wall Street banks including JPMorgan Chase and Goldman Sachs....
...For one thing, the sharp rise in mortgage rates has put a lid on banks’ home-lending businesses....
...Two things to start: First, JPMorgan Chase is suing Jes Staley, a former top executive, in an attempt to make him liable for any penalties the US bank might have to pay if it is found to have facilitated...
...Goldman Sachs is preparing for a round of job cuts that could come as soon as next week. JPMorgan retrenched hundreds of employees in its mortgage division in June. Bank investors will be pleased....
...JPMorgan Chase has hired Deutsche Bank’s Khaled Fathallah as head of metals and mining for Europe, the Middle East and Africa....
...JPMorgan Chase has confirmed it will launch a long-rumoured assault on the UK retail banking market with the opening of a digital-only bank this year....
...JPMorgan Chase, UBS, Julius Baer, Jefferies, Cantor Fitzgerald and (most recently) Deutsche Bank have turned to Movius to keep track of calls, text messages and WhatsApp conversations....
...Sanjiv Somani, UK chief executive of Chase, JPMorgan’s digital bank, told the FT earlier this month that he wanted to integrate the retail bank with digital wealth management arm Nutmeg, which it bought...
...JPMorgan Chase last week launched a new “tax-smart” platform focused on tax-loss harvesting, joining financial groups like Morgan Stanley and BlackRock in offering automated products that help investors...
...In January 2021 the bank’s mortgage division launched a so-called special purpose credit programme (SPCP) that grants $5,000 per customer to help cover closing costs and down payments for home buyers, part...
...and JPMorgan Chase in New York, respectively....
...JPMorgan Chase has hired Aaron Iovine, a former executive at now-bankrupt crypto lender Celsius Network, as head of digital assets regulatory policy....
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