Hints and tips:
...This could force refiners to chase the lowest-cost raw materials, often produced in China....
...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...
...“That was the impetus for banks to be more cautious with construction lending,” said Calixto Garcia-Velez, chief executive of Banesco USA, a Miami-based lender....
...“Citi has a number of very good businesses,” said Noor Menai, who spent more than a decade as an emerging markets banker at Citi and is now the chief executive of CTBC Bank USA....
...Jerry Rizzieri, head of Mizuho Securities USA, told the Financial Times the acquisition would contribute to Mizuho’s goal “to be solidly inside the top 10 corporate investment banks within three years”,...
...That’s what we missed: how the policy response to the regional banking crisis stabilised the banking system, which allowed a pretty sharp V-shaped recovery....
...JPMorgan Chase, the largest US bank with a vast network of bricks-and-mortar branches, had just over $1tn in deposits within its consumer and community banking unit at the end of the second quarter....
...News round-up Leon Black sues law firm behind abuse accusers’ cases (FT) US imposes sanctions on four Russian tycoons connected to Alfa-Bank (FT) FCA begins probe into banks and ‘politically exposed persons...
...Marcus, the consumer-finance platform of fellow Wall Street Category-V bank Goldman Sachs, launched a similarly competitive interest rate, back when claiming to have been paid any kind of interest was in...
...Adding all that up for JPMorgan comes to 12 per cent — less than Credit Suisse Holdings USA (13.5 per cent), Goldman Sachs (13.3 per cent), DWS USA Corporation (13.2 per cent) and Morgan Stanley (13.3 per...
...If you’ve got thoughts for a topic that would suit the Future of Money, you can email me at sid.v@ft.com. Please let us know how you’re finding the newsletter in our survey below. Happy reading!...
...In addition to a $200mn settlement reached with JPMorgan Chase in December, the Securities and Exchange Commission and Commodity Futures Trading Commission said on Tuesday that Bank of America, Citigroup...
...In 2018 and 2019, as JPMorgan Chase bankers chased lucrative mandates from an aggressively expanding WeWork, they fired off messages to one of their most high-profile clients at a frenetic pace....
...You can reach me at sid.v@ft.com. Happy reading!...
...Bank deregulation helped fuel the 2008 financial crisis, spurring the Dodd-Frank reform law, which further empowered the agencies conservatives detest. Markets are already enduring a painful downturn....
...JPMorgan Chase, UBS, Julius Baer, Jefferies, Cantor Fitzgerald and (most recently) Deutsche Bank have turned to Movius to keep track of calls, text messages and WhatsApp conversations....
...JPMorgan Chase cut its 2022 growth forecast for the country from 4.3 per cent to 3.7 per cent on Monday, with the US investment bank predicting a deeper contraction in the second quarter over “high-pressure...
...anticipated because FTX is seeking permission to use computers to perform functions in the futures markets now entrusted to brokers, called futures commission merchants, the largest of which are arms of JPMorgan Chase...
...They’re all made in the USA. Bankers told DD’s Ortenca Aliaj and James Fontanella-Khan that the US economy and consumer have remained robust....
...The company had been part of a shuttered effort to reimagine healthcare that it undertook with JPMorgan Chase and Berkshire Hathaway....
...bank remains wary of the speculative assets....
...JPMorgan chases growth While fintechs like Klarna are tightening their belts, JPMorgan told investors last week that it expects to lose up to $1bn over the next few years on its new digital consumer bank...
...“We do chase the very high-profile individuals, the Russians, the Chinese,” Watkinson adds. “And sometimes we chase them all over the world.”...
...The days ahead US bank earnings Investors’ hopes are high as JPMorgan Chase, Citigroup and Wells Fargo kick off fourth-quarter results season for banks....
...Underpinned by cloud native technology, Vault is a highly configurable platform that is trusted by the world’s most competitive banks, including JPMorgan Chase, Lloyds Bank, Standard Chartered and SEB....
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