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...The companies, whose plans were first reported by the Financial Times last year, share a set of officers, including two co-founders — chief executive Nathaniel Horwitz and publisher Sam Koppelman — general...
...Millennium gained 3.7 per cent in the first quarter of this year and has delivered average annual returns of about 14 per cent since inception, according to investors....
...The bank also bought most of failed US lender First Republic last year....
...The Securities Industry and Financial Markets Association first told members on Wednesday that ICBC Financial Services had been hit by ransomware software, which paralyses computer systems unless a payment...
...by the Financial Times....
...A group of veteran US financial journalists is teaming up with investors to launch a trading firm that is designed to trade on market-moving news unearthed by its own investigative reporting....
...JPMorgan Chase, Wells Fargo and Citigroup all reported first-quarter earnings on Friday and warned that the future looks a little rocky. I’m joined now by the FT’s Josh Franklin to talk about it....
...The bank said net income for the first three months of the year was $4.1bn, up from $3.2bn a year earlier and almost $1bn ahead of analysts’ forecasts compiled by Bloomberg....
...The bank reported net income of $3.4bn in the first three months of the year, up from $3bn a year earlier and comfortably ahead of analysts’ estimates compiled by Bloomberg of $2.7bn....
...JPMorgan set aside less than analysts anticipated for loan losses....
...The start of the year is typically a strong period for banks’ trading businesses with clients returning in January and taking new financial bets, but markets have lacked much of the frenzy of the past few...
...Joshua Franklin First Republic was the second-largest bank failure in US history, and the biggest that we’d seen in the US since the 2008 financial crisis....
..., Signature and First Republic....
...The US had also suffered its first serious banking stress since the financial crisis, with a spate of regional banks collapsing in the first half of that year....
...In 2009, Mnuchin led a group of private equity investors that bought IndyMac, a mortgage lender that failed in the 2008 financial crisis, from the Federal Deposit Insurance Corporation....
...The lender agreed to buy Discover Financial Services on Monday for $35bn. Capital One is looking to wrap up that deal later this year or early 2025....
...Evercore is not the only boutique to have made it to the top tier of advisers. A generation of senior bankers struck out on their own in the years immediately before and after the financial crisis....
...Capital One’s $35.3bn proposed takeover of Discover Financial Services would fuse two leading credit card lenders and give it control of a network that connects consumers, merchants and banks....
...While Mnuchin’s first outreach to NYCB was unsuccessful, his chance came back around quickly....
...,” JPMorgan chief financial officer Jeremy Barnum told analysts....
...JPMorgan, for the 11th straight year, came first....
...Franklin expected cost savings from the Putnam acquisition of $85mn to $100mn for the nine-month period ended September 30, according to chief financial officer Matthew Nicholls....
...Disney has also hired JPMorgan as an adviser in negotiations to buy the remaining stake of streaming service Hulu from rival Comcast....
...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....
...“The annual compensation for 2023 reflects Mr Dimon’s stewardship of the firm, with growth across all of its market-leading lines of business, record financial results and a fortress balance sheet,” JPMorgan...
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