Hints and tips:
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...It is working on its approach with advisers from JPMorgan Chase, Citigroup and BNP Paribas, people close to the situation said. The banks declined to comment....
...Citigroup cut 5,000 jobs, Morgan Stanley shed 4,800, Bank of America 4,000, Goldman Sachs 3,200 and JPMorgan Chase 1,000. Collectively, the big Wall Street banks cut at least 30,000 staff in 2023....
...University of California, San Diego, for example, returned a leading 11 per cent in fiscal 2023 by virtue of its nearly one-third allocation to the S&P 500....
...But banks led by JPMorgan Chase lobbied hard to underwrite a financing over the past four months....
...The group was acquired by Japanese bank Mizuho last year for a modest $550mn, including debt....
...Lake, a Brit described by one colleague as “crazy smart”, has been with JPMorgan for 20 years with roles ranging from CFO and global controller for the investment bank....
...But as Gorman has turned Morgan Stanley over to successor Ted Pick, the division’s performance has struggled of late as investors have kept a greater portion of their money in cash because of rising interest...
...The gains were bigger than at rival banks JPMorgan Chase and Citigroup, which reported last week. Bank of America and Morgan Stanley report today....
...Chase as well as the benchmark S&P 500 index....
...It’s no coincidence that the S&P 500 is also having a stellar run....
...EP’s working with JPMorgan Chase, Citigroup and BNP Paribas, while Royal Mail’s owner is working with Goldman Sachs, Bank of America and Barclays....
...UK billionaire Mike Ashley faces off with Morgan Stanley A London court heard this week about the “horrific” demands made on an “upstart” entrepreneur who was subjected to “abuse” by their bank....
...Amer Sports’ prospectus for its planned US listing is a good example. Goldman, Bank of America, JPMorgan Chase, Morgan Stanley, Citi and UBS are on the deal....
...Dorrell and Vichie’s insight was shared by a handful of competitors at large investment banks, including Credit Suisse, Morgan Stanley and Goldman Sachs, which spurred the first wave of infrastructure investments...
...He has promised to step down by May 2024 and the bank’s board of directors, which Gorman chairs, is selecting his successor from a trio of internal candidates who each lead one of Morgan Stanley’s three...
...Gorman’s announcement at the Morgan Stanley annual meeting earlier this year that he would retire kicked off a rare public run-off for one of the most coveted jobs on Wall Street....
...One thing to start: JPMorgan Chase paid longtime chief executive Jamie Dimon $36mn for 2023, up about 4 per cent from a year earlier and his biggest-ever pay packet at the US bank....
...Goldman Sachs chief executive David Solomon declared himself “pretty optimistic” about the prospect of more activity, with the bank and peer Morgan Stanley pointing to “green shoots” in its investment banking...
...Getting the licence means Citi will be able to pitch itself as a full-service bank to its mainland clients. Mainland listings, with their low fees, are not lucrative for foreign banks....
...Breaking that holding streak with the sale of 1mn shares, worth about $140mn, will catapult Dimon to the top of the table for stock sales by current US bank executives, a Financial Times analysis of data...
...During a session on Tuesday, Buxton, a long-term shareholder in Barclays, laid into the bank. “They have taken over from Standard Chartered as the banana skinned bank....
...His $30mn stake is a fraction of what Orlando stands to receive, but on the bright side his payout would be in line with CEOs of big banks such as Goldman Sachs and Citigroup....
...His real name is Hank Medina, a Miami native who climbed the ranks of banking by moving from CIT to Jefferies. After a brief stint on the buy side, he returned to banking at Deutsche Bank....
...After earnings fell 9 per cent in the most recent quarter, Gorman predicted that his successor stood to rack up some early wins with a dealmaking rebound projected for 2024....
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