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...The bank underwrote $101bn of fossil fuel deals in 2021 and 2022, and $71bn of low-carbon deals, according to data from BloombergNEF....
...Under the terms of JPMorgan’s investment in Viva, the bank can take full control of the fintech if its value is below €5bn in June 2025. The bank has a 48.5 per cent stake in Viva....
...The White House and JPMorgan, the largest US bank by assets, declined to comment....
...Banks complain that local, politically driven measures are not assessed in terms of their competitive effects. One illustration is how the market perceives Europe’s banks: not well....
...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....
...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....
...If stock leadership remains narrow in 2024, active managers may find themselves in a vicious cycle of again having to compete with momentum chasing index funds and being forced to chase an even more concentrated...
...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....
...A new unit, Chase Media Solutions, will help brands target the bank’s customers based on their spending history....
...This could force refiners to chase the lowest-cost raw materials, often produced in China....
...If you want to include all non-bank lending to the private sector, then you get a figure that is very large indeed!...
...The top six banks have all done better than that — with the unhappy exception of Citi: JPM, Bank of America, Wells and US Bank all outgrew the banking system despite being in the top ten by size back in...
...Other top banks Citigroup, JPMorgan Chase and Wells Fargo also recorded drops in lending in the first three months of the year as they revealed results late last week....
...But banks led by JPMorgan Chase lobbied hard to underwrite a financing over the past four months....
...Shares in JPMorgan Chase — the biggest bank in the US by assets — fell 3.7 per cent after its latest earnings underwhelmed investors, even as profits surpassed analysts’ forecasts....
...It’s definitely growing, as Bank of America points out in a recent note....
...The bank takes an optimistic view, and wrote that “2024 may finally be the year that proves that an exit path to prolonged sovereign defaults indeed exists,” thanks to Zambia’s deal, along with reports that...
...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...
...JPMorgan Chase chief executive Jamie Dimon hit out again at a variety of proposed new US bank regulations, telling lawmakers that the rules risked hurting low-income customers and would add more risks to...
...JPMorgan Chase chief executive Jamie Dimon has warned that US inflation and interest rates could remain higher than markets expect because of high government spending....
...The bank’s Chase UK retail arm would break even in the next 12 to 18 months, JPMorgan president Daniel Pinto told the FT’s Global Banking Summit on Tuesday....
...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....
...At JPMorgan Chase, investment banking head Vis Raghavan regularly told recruits, “You’re either reading the news or making the news.”...
...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...
...Raghavan, 57, is a 23-year veteran of JPMorgan Chase, the largest investment bank globally, and had been promoted to sole head of investment banking last month....
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