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...Business A huge rise in US government spending will boost the world’s largest economy over at least the next two years, the chief executive of JPMorgan Chase forecast....
...“I don’t think it’s a V-recovery,” he says. “An elongated U is perfectly possible. I’m a conservative. I plan for the worst and hope for better....
...Staley’s predecessor, Antony Jenkins, tried to shrink the investment bank during his tenure, but Barclays’ directors got cold feet and Jenkins lost out in a boardroom showdown, which led to his firing in...
...(FT) Warren v Wall Street? Elizabeth Warren is one of the country’s most prominent critics of Wall Street firms and big banks....
...Mr Jenkins lost out in a boardroom showdown and was fired in July 2015, opening the way for Mr Staley to take over....
...(Economist) Video of the day Lex analysis: bitcoin v tulips Jamie Dimon, JPMorgan chief executive, says the enthusiasm for bitcoin is worse than Dutch tulip mania in the 1600s....
...(FT) JPMorgan blow The bank’s chief operating officer, Matt Zames, has resigned....
...(FT) Trump v the global community Martin Wolf on Donald Trump’s America First world view and how human affairs are too interconnected to be the product of purely national decision-making....
...Overall, I would have given him six out of 10 for his memo, were it not for two inexcusable uses of the v-word. “There can be no retreat from becoming a values-driven organisation,” he insists....
...“Proponents of a V-shaped [economic] recovery are underestimating how much rising unemployment and an unstable structure of indebtedness can lengthen and deepen this recession,” says Sandy Chen, banks analyst...
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