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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...
...It is working on its approach with advisers from JPMorgan Chase, Citigroup and BNP Paribas, people close to the situation said. The banks declined to comment....
...This month the brand completed the acquisition of one of its suppliers, Sirio....
...But banks led by JPMorgan Chase lobbied hard to underwrite a financing over the past four months....
...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....
...The pick-up in mergers and acquisitions could usher in Wall Street’s long-awaited recovery for investment banking....
...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...
...The trust grew from a market capitalisation of £80mn in 1980 to about £3bn today....
...The bank’s burst of friendly fire comes just a few weeks after the Bank for International Settlements became the latest to flag that the explosion of option-based investment funds may be contributing to...
...Of course, there are ever-present risks to the fintech renewal, not least that trad fi — old-fashioned banks to you and me — will wake up and get into the game, as JPMorgan has done with its Chase app....
...The lines are already drawn: JPMorgan Chase’s Jamie Dimon and proxy adviser Glass Lewis have backed Iger, while ISS, the other main proxy adviser, has thrown its weight behind Peltz....
...The largest US bank by assets, JPMorgan Chase, was able to outbid smaller suitors. To be sure, there may be instances when a sale to a mega bank will minimise both financial and social costs....
...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....
...They include Baillie Gifford’s flagship Scottish Mortgage Investment Trust, Bill Ackman’s £7.4bn Pershing Square Holdings, and the £2.5bn RIT Capital Partners trust....
...Bank of China and Industrial and Commercial Bank of China are part of a group of lenders involved in a stand-off over debt at Thames Water’s parent company....
...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....
...EP’s working with JPMorgan Chase, Citigroup and BNP Paribas, while Royal Mail’s owner is working with Goldman Sachs, Bank of America and Barclays....
...JPMorgan Chase reported record profits for 2023 and struck a comparatively bullish tone for the year ahead, widening the gulf between America’s biggest bank and its three closest rivals....
...“Lack of trust is a cultural problem.”...
...The Perella Weinberg banker died by suicide days after police raided the bank’s offices and his home in London early last year....
...The bank has said that the Chase branches opened since 2017 had so far contributed around $85bn in deposits. Outlook Dimon appears to be going nowhere....
...JPMorgan Chase has named Eric Menell and Gian Piero Sammartano to new roles as heads of the bank’s sports investment banking coverage....
...Disney has paid JPMorgan more than $160mn in fees since 2014, more than to any other investment bank, according to LSEG data....
...The gains were bigger than at rival banks JPMorgan Chase and Citigroup, which reported last week. Bank of America and Morgan Stanley report today....
...This year, Evercore has found its way into nearly every mega-deal in the US, including BlackRock’s $12.5bn acquisition of infrastructure investor GIP and Synopsys’s $35bn acquisition of Ansys....
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