Hints and tips:
...The big banks — such as JPMorgan Chase, Morgan Stanley, Goldman Sachs, Bank of America, and Citigroup — are no longer Wall Street’s pre-eminent innovators and risk-takers. And that is by design....
...JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup are all cutting banking jobs, as is my old firm, Lazard....
...While most cities have pledged to protect labour rights, they have also imposed strict limits on what workers can do to chase unpaid wages....
...In their most recent annual reports, neither JPMorgan Chase nor Bank of America listed Russia among their top 20 markets for financial exposure....
...On Friday, Barclays announced the deal to acquire the customer accounts and receivables from Synchrony Bank in a transaction expected to close next year....
...Of this total, $168bn consisted of loans and receivables, including investments in financing leases in such industries as aircraft, rail and automobiles....
...He had previously been a banker at Citigroup, Morgan Stanley and Chase Manhattan, where he literally claimed to have invented modern supply chain finance....
...Her predecessor, Charlie Jacobs, will leave later this year to become co-head of UK investment banking at JPMorgan Chase....
...The main issue: Aigis had bought receivables-backed notes, linked to Gupta’s metals empire, from Greensill, DD’s Rob Smith and Kaye Wiggins and the FT’s Silvia Sciorilli Borrelli report....
...Yet Mr Gupta continues to chase deals and is keen to step in should a planned Chinese takeover of British Steel fall through....
...Some well-regarded investment bankers have moved to other areas of the bank to progress, such as Natalie Blyth, now head of trade and receivables finance....
...Emma Loftus, head of global payments and receivables at JPMorgan Treasury Services, said the network’s long term ownership also “depends on how it rolls out”....
...Although best-known for funding litigation in return for a cut of the proceeds, Burford has a smaller business, in which it chases assets of wealthy individuals who have attempted to shirk financial obligations...
...Unlike in most up-C structures, there are no so-called tax receivable agreements that can lead to significant profits for partnership holders....
...JPMorgan Chase has been the leading voice on the IIN, but is also one of the 15 banks taking part in the Swift pilot....
...Number of the week: $125m Amount JPMorgan Chase has committed to spending over the next five years “to improve the financial health of underserved communities”....
...In August last year, OnDeck extended a partnership agreement with JPMorgan Chase, through which Chase offers business loans of up to $200,000 with approval within 24 hours, using OnDeck’s underwriting tools...
...Emma Loftus, head of global payments and receivables at JPMorgan Treasury Services, said the IIN would help protect its businesses....
...Goldman’s two-year “beta” — a measure of its stock price’s sensitivity to market swings — is about one-fifth higher than that of JPMorgan Chase. But the big push still makes sense....
...Recently disclosed results showed Citigroup, JPMorgan Chase, Bank of America and Wells Fargo took a combined $12.5bn hit from soured card loans last year, about $2bn more than a year ago....
...A build-up in accounts receivables — or money owed to the company by clients — that was higher than rivals had also raised concerns....
...A more prosaic reason to chase is the structural shift upward in the company’s profitability....
...Teams are tempted to chase glory by spending money they do not have....
...Morgan Chase & Co. and Morgan Stanley to lead the IPO.” The bank typically serves China’s rural population and it seems fair to say it’s a pretty low risk proposition....
...First out of the blocks on Friday are Bank of America, Wells Fargo and JPMorgan Chase. So what now? Normally earnings seasons are about raking over the past....
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