Hints and tips:
...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....
...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...
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...JPMorgan Chase chief executive Jamie Dimon yesterday shuffled his leadership team and consolidated some of the bank’s businesses as he grooms potential candidates for an eventual take over from him....
...Legal and compliance teams stepped up oversight, putting a crimp on day-to-day execution. But this could have turned out a lot worse....
...JPMorgan itself has previously touted the fact that Dimon had “not sold a single share of JPMorgan Chase common stock”. The idea was to do what was best for shareholders....
...A blowout jobs day wouldn’t be entirely shocking. Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Here’s an unusual thing, a sellside note on generative AI that does more than swallow and regurgitate the hype. It’s from JPMorgan analysts Tien-tsin Huang et al, who cover IT services at the bank....
..., including Goldman Sachs and JPMorgan Chase, told employees at their offices in Israel to work from home for the time being...
...The story behind Citi’s China expansion At Davos this month, JPMorgan Chase chief executive Jamie Dimon struck a cautious note on China....
...“I talked at length with President Sassou N’Guesso, including about the above new mine. Exploration, he told me, has been undertaken by a consortium of investors backed by JPMorgan....
...Street bank seeking to navigate a difficult economic environment for lenders....
...Nicolas Aguzin, the Argentine former JPMorgan Chase banker who runs Hong Kong’s stock exchange operator HKEX, has certainly been trying....
...Earnings at JPMorgan Chase, Bank of America, Wells Fargo and Citigroup were up 23 per cent. By contrast profits at all other institutions dropped by an average 19 per cent in the quarter....
...Smart reads Bad investments After Peter Doelger’s $50mn fortune fell to a fraction of that amount under JPMorgan Chase’s management, the bank claimed it was acting on his wishes to take risks....
...Results: BlackRock, Citigroup, JPMorgan Chase, PNC Financial Services, UnitedHealth and Wells Fargo all report today. One more thing: Our new Central Banks newsletter launches next Tuesday....
...JPMorgan Chase reimbursed former executive Jes Staley for trips to meet Jeffrey Epstein, according to allegations in court documents....
...EXCLUSIVE: JPMorgan Chase’s recent flurry of acquisitions is being scrutinised by US regulators in a review that includes a $175mn deal with a founder of a start-up who was criminally charged this week with...
...In the old days, such financing would be the coveted preserve of syndicated loan powerhouses such as JPMorgan, Bank of America or Citigroup....
...What JPMorgan learns there can be used to modernise its core Chase US retail bank and be the foundation of a string of digital-only offerings elsewhere....
...The recent rise of the Faangs, et al, looks like a knee-jerk reaction to the fall in rates and rate expectations that followed the banking mess (the 10-year yield has fallen from 4-ish per cent to 3.6-ish...
...Behind the bank merger Who would be behind another bank rescue but JPMorgan Chase boss Jamie Dimon, who helped orchestrate the deal between Banc of California and PacWest at his private beach club, Bloomberg...
...Shares in JPMorgan Chase, Bank of America, Citigroup and Wells Fargo — the four largest US lenders by assets — each fell by between 4.1 per cent and 6.2 per cent....
...While JPMorgan Chase and Goldman Sachs led the rankings for M&A advisers, Centerview Partners took the third spot in the best showing for a boutique operation in decades....
...JPMorgan Chase chief executive Jamie Dimon boasted last year that 10 per cent of the bank’s hires in 2021 had criminal records, and that (in contrast with Cowley’s experience so far) “retention rates for...
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