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...The founder and chief executive of a financial technology business co-owned by JPMorgan has begun legal proceedings against the Wall Street bank over what he claims are tactics to suppress his company’s...
...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....
...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...
...Trading emerged as a bright spot for many banks in first-quarter earnings reported over the past week, with revenues from stock and bond trading faring better than analysts were expecting at JPMorgan Chase...
...But while JPMorgan had to rescue ailing institutions such as mortgage lender Washington Mutual, it could still reduce its share count since 2008 by 27 per cent....
...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....
...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 you want to include all non-bank lending to the private sector, then you get a figure that is very large indeed!...
...He secured deals not by mining relationships but through a reputation for being able to structure complex deals. JPMorgan hired him in 2000 to build a business for the bank in convertible bonds....
...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....
...In his annual letter to shareholders, the head of the largest US bank by assets said JPMorgan had plans for interest rates going above 8 per cent and as low as 2 per cent....
...Zambia, for example, has spent years working towards a deal to restructure its debt, as former Alphavillain Joseph Cotterill covered for MainFT....
...But banks led by JPMorgan Chase lobbied hard to underwrite a financing over the past four months....
...The relative strengths have been obvious for a long time of course — a huge and profitable retail bank, a highly lucrative credit card business as well as much larger asset and wealth management and corporate...
...For further reading: JPMorgan takes almost a fifth of total US bank profits US regional banks hope for profit revival as pain from SVB fallout eases JPMorgan: the bank that never lets a crisis go to waste...
...Dimon also said Takis Georgakopoulos would continue to lead JPMorgan’s global payments business, while Mary Erdoes will remain as chief executive of the bank’s asset and wealth management....
...JPMorgan Chase paid longtime chief executive Jamie Dimon $36mn for 2023, up about 4 per cent from the previous year and his largest remuneration at the US bank....
...Goldman Sachs’ profits rose 28 per cent in the first quarter, as a strong performance at its hallmark trading business helped the Wall Street bank easily surpass analysts’ estimates....
...In 2019, Dimon tapped Piepszak to become chief financial officer of the whole bank before promoting her to run the Chase business alongside Lake. Internally, they’ve tried to present a united front....
...Doing that allowed JPMorgan to earn a lot of new business by taking on First Republic’s former customers. And number two, they maintained their position as a safe haven....
...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....
...JPMorgan Chase is suffering a wave of cyber attacks as fraudsters get “smarter, savvier, quicker, more devious, more mischievous”, the bank’s head of asset and wealth management has said....
...JPMorgan Chase captured almost a fifth of all US bank profits in the first nine months of 2023, capitalising on a year of turmoil for the country’s financial sector to emerge even more dominant....
...Instead of doing this, JPMorgan has come up with a new target altogether, which it says is “more ambitious”....
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