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....
...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....
...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....
...In the second quarter of this year, growth in card loans at JPMorgan Chase, Citigroup and Bank of America were 0 per cent, -5 per cent, and -10 per cent, respectively....
...JPMorgan funds invested in US private prison operator’s debt Two years after JPMorgan Chase announced it would no longer finance the private prison industry in the US, the bank’s asset management arm has...
...Or look at the action of banks. This week JPMorgan Chase, Wells Fargo and Citi set aside a record $28bn for bad loans, more than expected....
...And, as lockdown measures are softened, the return of the likes of Gregg's, Starbucks et al to the UK FtG market will increase competition....
...As Copeland et al noted in 2015: A complete unwind of all repos, and not merely of those maturing, is an operationally simple process....
...If the We Company were to shelve the listing, it would also lose access to a $6bn loan from a group of banks, including JPMorgan Chase and Goldman Sachs, that was contingent on the IPO raising at least $3bn...
...Addison Lee, the mini cab company that was bought by Carlyle just months before Uber et al made it on to the scene....
...former JPMorgan Chase precious metals trader has pleaded guilty to spoofing charges in an action that could implicate other employees at the bank....
...(FT) Brexit in the balance JPMorgan Chase’s chief executive has issued a bleak warning that Brexit will create a significant economic downturn, a day after two senior cabinet ministers resigned in protest...
...(FT) Banking with Amazon Amazon is discussing a potential partnership to offer its customers bank accounts through JPMorgan Chase, in a deal that could unite America’s largest bank with its biggest ecommerce...
...After that, he served as co-head of US M&A at JPMorgan Chase before leaving to become deputy chairman at Cadwalader, Wickersham & Taft....
...Who ultimately wins the stand-off — Mr Dimon et al or the market — will hang in part on how duty-bound JP feels to stand by its pledge....
...Fine… he runs JPMorgan Chase, it’s a big bank. What’s so interesting about him getting on a plane?...
...For a company like Rural that is traded on a major exchange, ―[t]urnover measured by average weekly trading of . . . 1% would justify a substantial presumption‖ of market efficiency. 5 Bromberg et al., Bromberg...
...Statistical studies (see for example Gadea et al) confirm that there has been no significant break in the behaviour of volatility in the five year period since 2008, compared to that experienced during GM...
...- John List and Omar Al-Ubaydly on the generalisability of experimental results in economics. - Charles Kenny on the global working class uniting. - Banks don’t lend out reserves....
...(Reuters) - The escalating role of central banks in EM currency. (Wall Street Journal) - Goldman et al should be forced to incur losses on mistaken trades, says Myron Scholes....
...(Financial Times) JPMorgan set to launch asset tracking service: “JPMorgan Chase will on Monday unveil its attempt to capture a slice of the growing business of managing the billions of dollars worth of...
...But, as Neil notes, things could have been worse without all that warehousing shenanigans from Goldman et al....
...On the flip side, one study (Chen et al., 2011) concluded that the inflationary consequences of QE1 and QE2 were less than 50bps....
...So it’s not surprising that the first response from Buchheit et al is to answer back with bits of the bond contract that suggest sneaky loopholes instead....
...cross-country chase change his life....
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