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...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....
...chase the maximum profit at the expense of every other stakeholder,” he told the FT....
...To do this, I looked at two time-slices of Federal Deposit Insurance Corporation data, from early 2003 and late 2023, using a data collection tool from BankRegData....
...News clip It’s JPMorgan Chase to the rescue. JPMorgan Chase has a deal to buy Bear Stearns for $2 a share....
...Profits were dragged down by one-off charges linked to last year’s regional banking crisis....
...“The revenues [from investment banking] are still going to be weaker-ish,” said Chris Kotowski, banking analyst at Oppenheimer....
...That must make for some painful comparisons among David Solomon’s troops at 200 West St in Lower Manhattan....
...But in a surprise move on Monday, Citigroup announced Raghavan was joining it as the new head of banking, where he’ll oversee investment banking as well as Citi’s corporate and commercial banking operations...
...Regional banks are essential for a competitive banking system, particularly for mid-sized business clients....
...Two scoops to start, first: JPMorgan Chase spent more than 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...
...It covers profits from subsidiaries with Federal Deposit Insurance Corporation-insured deposits, and includes JPMorgan’s earnings from commercial and retail banking, and parts of its investment banking and...
...TMTG is banking on Trump’s popularity among Republican voters translating into users for Truth Social....
...Part of the reason for the profit drop was last year’s banking turmoil — the Federal Deposit Insurance Corporation imposed a one-time charge on many US banks in order to pay for losses, which the FDIC’s...
...In turn, JPMorgan is banking more junior lawyers through its Chase Wealth Management business, who can over time graduate to a private banking account as their earning power increases....
...But even as Morgan Stanley’s transformation has been cheered by investors, its legacy investment banking business, which gives its brand added prestige, has lagged JPMorgan Chase and Goldman in league tables...
...a borrower is at least 30 days late, according to filings to the Federal Deposit Insurance Corporation....
...tied to borrowers who have not made a payment in at least the past 90 days — are expected to have risen to a combined $24.4bn in the last three months of 2023 at the four largest US lenders — JPMorgan Chase...
...For the first time since taking the helm of JPMorgan Chase in 2006, Dimon will begin unloading his $1.2bn of stock next year....
...Earnings at JPMorgan Chase, Bank of America, Wells Fargo and Citigroup were up 23 per cent according to BankRegData, which collates quarterly reports from lenders to the Federal Deposit Insurance Corporation...
...Jamie Dimon, chief executive of JPMorgan Chase, has warned that they risk making US banks uninvestable. Banking lobby groups have threatened lawsuits....
...Another, from Chase Bank, tells me I can “earn $600!” by signing up for a checking and a savings account....
...Corporations are people, and people run on banks Despite plenty of bank failures, there were no banking panics in the US between the Great Depression and 2007....
...The industry, led by JPMorgan Chase’s Jamie Dimon, is pushing back....
...JPMorgan Chase reimbursed former executive Jes Staley for trips he took to meet Jeffrey Epstein, according to allegations in New York court filings that shed further light on the US banking giant’s entanglements...
...It’s meant that for years Citi’s been lagging behind its peers like Wells Fargo and JPMorgan Chase in things like their stock price performance. Here’s the FT’s US banking editor, Joshua Franklin....
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