Hints and tips:
...JPMorgan Chase, the nation’s largest bank by assets, had the highest profit of any lender, earning $11.7bn in the quarter from activities including lending and payment processing, up from $6.4bn in the same...
...And a lot of the stocks in the group, even considering their sluggish growth, look very cheap. It can’t all be down to the GLP-1 diet drugs....
...and sold to JPMorgan Chase....
...So it was with high hopes that we sailed into the first big earnings report for the second quarter, from America’s biggest bank, JPMorgan....
...The next day, regulators stepped in and seized control of SVB....
...“Everyone has a choice: some want to live out their days in a seized mansion with their frozen accounts . . . but it’s time to realise that these people have and will always be second-class outsiders in...
...Email me at firstft@ft.com or hit reply on this email — Gordon Five more stories in the news 1....
...Five more stories in the news 1....
...China is facing a bleak ending to 2022; the opening from its “zero-Covid” policy will sadly claim many more lives yet and is overwhelming hospitals, as the pandemic did elsewhere in 2020-21....
...one successful comeback from potentially career-ending crashes....
...Just two months ago, JPMorgan Chase analysts said some Chinese tech stocks were “uninvestable”....
...Robert Armstrong And I should also say, and it’s something I can say categorically and that everybody should keep in mind, if you have less than $250,000 in your bank account, it’s covered by the US government...
...Its accounts for the financial year ending in March 2021, which finally emerged last month, showed ballooning losses and flat revenues....
...As Pepper points out, for an investment manager whose 3 per cent stake in a company means managing billions in funds, it hardly matters whether the CEO is paid an extra $1mn....
...Banks including JPMorgan Chase and Citigroup have spoken with large corporate clients about putting cash into money market funds rather than in deposits, according to people briefed on the talks....
...The Financial Times reported it had beaten JPMorgan Chase to the prize....
...Those stories with happy endings are in the minority. JPMorgan Chase said it had “hundreds of thousands” of clients who were still hoping for PPP loans....
...Hedge funds were pulling their balances from Morgan Stanley at an alarming rate, funding markets seized up and the value of the bank’s trading assets plummeted....
...In the US, JPMorgan Chase has become a particular target. “There is nowhere to start but at the top....
...And even with European public debt markets seized up, EQT was able to bring the auction process to an early end with the help of HPS Investment Partners, the private credit group spun out of JPMorgan Chase...
...We outlined the group’s woes in depth, looked at some of its disastrous investments and reported on job cuts from Vision Fund-backed companies as well as staff departures from the fund itself....
...In the 11 months to November, 1,480 CEOs have left their posts, up 12 per cent from the same time period last year. Let’s put faces to those numbers....
...equity funds recorded inflows while global, US and Europe equity funds posted outflows for the week ranging from $1.8bn to $2.9bn.”...
...JPMorgan Chase has banned its staff from staying in any of a dozen hotels owned by the Sultan of Brunei, joining a backlash against the Asian kingdom that has enacted death by stoning as a punishment for...
...Mr Solomon became chief executive on October 1, ending 12 years of Mr Blankfein’s leadership....
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