Hints and tips:
...The bank plans to securitise and sell loans from its Chase retail business, including mortgages, auto lending and credit card loans, these people said....
...Professional investors will look at everything and weigh credit versus government bonds and agency mortgages versus high yield and emerging markets....
...JPMorgan Chase, the US rival it most wants to emulate, is worth $425bn. Now, the outlook is darker than ever....
...The bright-eyed founder’s student finance start-up Frank had just been sold to JPMorgan Chase for $175mn. She was in line for a $45mn payday and would be joining the bank as a managing director....
...Over the past six months, the People’s Bank of China, the central bank, has relaxed lending restrictions and cut mortgage rates while the finance ministry put on ice plans to expand property tax trials....
...Historically, we know that rising interest rates typically increase loyalty to large incumbent banks with the capacity to cross-sell financial services, for example offering a lower mortgage rate to customers...
...News round-up Ex-Jones Day partner told to pay £635k over instruction to ‘burn’ app (FT) Kwasi Kwarteng to meet UK bank chiefs over mortgage market turmoil (FT) Blackstone in talks to buy Emerson Electric...
...he was at JPMorgan Chase....
...In April, mortgage lending in Italy and Portugal was up 3 per cent compared with April last year, say the same ECB data — and is expected to continue to grow, according to the central bank’s latest lending...
...Edward Jones analyst James Shanahan said he expected Bank of America to report similar trends to JPMorgan’s when it announces earnings on Wednesday morning....
...Metro Bank goes onto the “buy” list at Investec. Analyst Ian Gordon reckons it’s now cheap enough to offset the fact that it’s Metro Bank....
...Just 30% expect a V shaped recovery in the stock market....
...into mis-selling of mortgage securities with a smaller fine than expected....
...The investment banking performance contrasts with the record profitability at many of the banks’ parent companies, such as JPMorgan Chase and Morgan Stanley, whose earnings were powered by strong trends...
...The question at hand will be whether US-based Edward Bramson should be given a seat on the company’s board....
...After gaining some traction by resolving historic misconduct cases such as the mis-selling of US mortgage bonds, confidence in Mr Cryan started to erode....
...“There’s concerns about a potential trade war,” said Jim Shanahan, financials analyst at Edward Jones. “Banks seem to be saying that businesses are reluctant to borrow and invest.”...
...Bank of America, meanwhile, plans to hire as many as 50 senior dealmakers to revitalise its stuttering investment bank....
...that analysts predict will happen as lenders chase customer deposits to find alternative sources of cheap funding....
...In late March, the bank agreed to pay $2bn to settle allegations it had mis-sold residential mortgage-backed securities in the run-up to the financial crisis; winning a gamble that challenging the US Department...
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...His career flourished at the Wall Street bank, and his assignments during the financial crisis included advising the US Treasury on how to deal with mortgage backers Fannie Mae and Freddie Mac....
...Still, it shook customers’ confidence in a system that holds personal financial information about their mortgages, savings and bank accounts....
...John Edwards, personal finance editor of the FT between 1985-1990, wrote that readers should “take a cautious, even cynical, view before making any financial decision....
...JPMorgan Chase set aside $1bn in legal reserves, depressing third-quarter results on Tuesday, as the largest US bank by assets prepares to pay big penalties over allegations it manipulated the foreign exchange...
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