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...The assets had been frozen by authorities in the wake of the western sanctions. The dispute centres on $439mn in funds that VTB held in a JPMorgan account in the US....
...the mysterious compression of the Vix, which for months has held below its historical norm....
...Preqin’s latest estimate based on data to Jun-23, stands at $1.71tn globally, with $1.08tn of that situated in North America. These numbers aren’t the whole story, however....
...Still, using an absolute number like 10 per cent to signal that it’s time to worry/celebrate feels a bit retro in a Dow 10,000 way, doesn’t it?...
...While the overall number of bank branches has been steadily falling in the US, JPMorgan still sees brick-and-mortar outposts as a key path to grow....
...JPMorgan Chase and Bank of America were at 2.1 per cent and 2.3 per cent. At Capital One and Discover this was nearly 4 per cent. Cutting late fees also won’t affect companies equally....
...Women with the chops to make it to senior management in banking are also in demand in other industries, so they don’t have to sit around and wait their turn for a shot at the top on Wall Street....
...Of course, there are ever-present risks to the fintech renewal, not least that trad fi — old-fashioned banks to you and me — will wake up and get into the game, as JPMorgan has done with its Chase app....
...Case in point: Donald Mackenzie. He’s one of the buyout industry’s best-known names and founded CVC in 1993 before stepping back in February ahead of the IPO....
...Active ETFs may account for only up to around 7 per cent of assets in ETFs, he said, but about a fifth of the inflows....
...In 2020 she became the first woman in years to run a core operating division at the storied Wall Street bank, often a crucial stepping stone to the C-suite....
...The biggest US banks including JPMorgan Chase and Bank of America have criticised the measure, arguing that higher capital requirements would increase borrowing costs and push lending outside of the regulated...
...“I think people are overreacting to short-term numbers,” the JPMorgan chief executive and longtime inflation hawk told Bloomberg. Nonetheless, JPM stock, along with most banks, liked the news....
...S&C lawyers were conveniently on the scene when the run on accounts brought down the crypto trading giant....
...(His successor at HKEX, Nicolas Aguzin, is also a former JPMorgan banker). Li made his name with ambitious dealmaking, including the £1.4bn acquisition of the London Metal Exchange in 2012....
...The gains were bigger than at rival banks JPMorgan Chase and Citigroup, which reported last week. Bank of America and Morgan Stanley report today....
...Email me at nikou.asgari@ft.com If you live in the UK and want to trade crypto, which bank do you use to transfer money to your preferred exchange? Definitely not JPMorgan’s Chase UK....
...Citi, where two-thirds of its deposits are held in corporate accounts, is paying an average rate of 3.4 per cent on interest-bearing deposits, up from 1.2 per cent a year ago....
...On the 12th, JPMorgan Chase, the most important bank in the world, disappointed the market with its outlook for lending margins, and the shares fell....
...“We did, in fact, gather this woman’s information, including date of birth, social security number and passport number, through her account application form and signature card,” the bank said....
...Reading posted an annual pre-tax loss of £17mn in its most recent set of accounts covering the year to June 2022. It lost £36mn the year before....
...US banks, including JPMorgan Chase, are getting going in size after a nod from the Federal Reserve last year. You can read the full piece here....
...People familiar with the bank disputed this account, saying Better itself had cancelled the facility....
...allow customers to spread their money in accounts at a number of banks to get the best rate....
...JPMorgan notes that State Street’s S&P 500-tracking SPY, Invesco’s Nasdaq-linked QQQ and BlackRock’s small-caps IWM ETF account for about 94 per cent of all US ETF option trading volumes in 2023....
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