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...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...Last year, JPMorgan sued Charlie Javice, founder of Frank, a student finance platform that the bank had bought for $175mn in 2021, over allegations of vastly inflating its user base....
...The report came after oil companies including Shell and BP trimmed back their climate targets this year and hundreds of other companies, including Microsoft, Unilever and JBS, failed to set goals that were...
...JPMorgan Chase chief executive Jamie Dimon had a one-on-one lunch at the White House last week with vice-president Kamala Harris, according to people familiar with the matter....
...Even junk-rated companies, which aren’t considered the safest borrowers, aren’t considered to be distressed until their yields reach 10 percentage points above the risk-free benchmark....
...BDCs or Business Development Companies are set up to provide financing to small and middle market enterprises....
...Every company wants fewer restrictions on its operations. Banks no doubt would like to lighten the load of extra capital held against the various assets they have on their balance sheets....
...Companies such as Walmart, Uber and Marriott International have all joined the digital ad gold rush in recent years....
...My guess is Funding Circle will make a success of FlexiPay, sell its US business and then be snapped up by a much bigger traditional finance player looking for an entry into the UK SME finance market....
...Listening to a recent FT Behind the Money podcast about JPMorgan Chase, however, made me wonder if banks might not be the most interesting and perhaps even the most extreme example of that dynamic....
...Can such companies be trusted to develop such a powerful general purpose technology on their own?...
...Despite that turmoil, one bank stands out: JPMorgan Chase. The largest bank in the country, JPMorgan took home record profits in 2023, and its dominance looks set to continue....
...Creditors have been hoping that a forthcoming auction of shares in Citgo, a PDVSA-owned refiner in the US, will help pay off some of the oil company’s defaulted debt....
...While rivals like Legal & General or privately held PIC chase after the multibillion deals, Just focuses on smaller, sub £100mn transactions, with nearly a third of the market....
...But banks led by JPMorgan Chase lobbied hard to underwrite a financing over the past four months....
...His chart: Companies that cater to the low-end consumer have felt some pressure already....
...Research by Scoop, which tracks hybrid working, shows 93 per cent of British finance companies offer the perk compared with 87 per cent of their US counterparts....
...JPMorgan Chase shares fell by the most in almost four years on Friday as an underwhelming outlook for its lending business overshadowed an increase in first-quarter profits at the US’s largest bank....
...As recently as November the bank’s team forecast supply rising by $360bn in 2024 as already listed companies reduced the pace of buybacks while newer companies pushed ahead with public offerings....
...Local governments have actively supported this trend by facilitating the participation of export-oriented companies in international trade shows and exhibitions....
Once more unto the Vix discourse
...William Sharpe called “the nastiest, hardest problem in finance”....
...JPMorgan Chase, Bank of America, Wells Fargo and Citigroup collectively made $253bn in net interest income (NII) for the whole of 2023 — a 19 per cent jump from 2022’s total....
...Rothschild had an astonishing convening power and had a seat at the nexus of art, finance, media and politics....
...JPMorgan provided $39.2bn of lending and underwriting services to fossil fuel companies in 2022, according to calculations by the Rainforest Action Network....
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