Hints and tips:
...Plaid enables customers to connect their bank account to an outside application, such as a money transfer app or online mortgage lender, and to share any required data....
...JPMorgan Chase has stepped up efforts to lure New York’s top lawyers to its private bank, seeking to break rival Citigroup’s stranglehold on some of Wall Street’s wealthiest clients....
...Jamie Dimon’s JPMorgan Chase has its eyes on this lucrative clientele and earlier this year poached a star in Citi’s wealth management team....
...The Federal Deposit Insurance Corporation, which is leading the government effort, received bids from banks including JPMorgan Chase, PNC and Citizens, according to three sources with knowledge of the situation...
...JPMorgan, which led an earlier effort to stabilise First Republic by convening a group of 11 banks to put $30bn in deposits into the lender, is now preparing a bid for a post-resolution deal, three people...
...Deposits are typically banks’ cheapest source of funding and a reduction could constrain lending....
...For one thing, the sharp rise in mortgage rates has put a lid on banks’ home-lending businesses....
...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...
...Job moves JPMorgan Chase has promoted Jeremy Capstick to global co-head of market infrastructure....
...The company became the first casualty of the financial crisis when it was bought by JPMorgan Chase for $10 a share in a government-assisted deal....
...The transaction is the latest in a series of regional US banking mergers as midsized lenders face pressure to consolidate to compete against the likes of JPMorgan Chase and Bank of America....
...He was previously global head of software investment banking at JPMorgan Chase. Beatrice Devillon-Cohen has been appointed as an independent non-executive to the board of MUFG Securities Emea....
...But as a JPMorgan Chase research report from April points out, sponsors like the anointed Spac king Chamath Palihipitaya and his lesser-known business partner Ian Osborne have spent a lot of energy pulling...
...and leading its mortgage business through a challenge-filled 2013 to 2015....
...The headline, unavoidably, was the immense sum put aside for loans that might go bad because of the Covid-19 shutdown: a thumping $25.4bn in total at Bank of America, Citigroup, JPMorgan Chase, Wells Fargo...
...(FT) News round-up JPMorgan in talks to settle spoofing claims for $1bn (FT) United Wholesale Mortgage to go public in largest Spac deal to date (FT + Lex) China’s state media denounce TikTok deal as...
...JPMorgan Chase kicked off earnings season with its best year on record as its net income for 2019 hit $36bn, a figure never previously scaled by any bank....
...Bankers at JPMorgan Chase have been kept busy, providing more dollars in credit line extensions so far this year than any other bank. This shouldn’t come as a surprise to them....
...The sobering figures from three of the biggest US banks came the day after JPMorgan Chase and Wells Fargo reported a combined $12.3bn of credit charges for the first three months of the year, as they ramped...
...That’s why JPMorgan Chase has set aside $8.3bn for potential defaults in the first quarter, its highest loan-loss provisions since 2009....
...Since then, UBS and JPMorgan Chase have increased existing stakes to 51 per cent....
...Citi has hired Nick Darrant, the head of JPMorgan Chase’s central and eastern Europe, Middle East and Africa debt capital markets syndicate, to co-head its Emea DCM syndicate....
...This is one reason shares in Morgan Stanley and Goldman trade at a discount to JPMorgan and BofA on a tangible book value basis....
...Just 30% expect a V shaped recovery in the stock market....
...Earlier this year, when Congressman Al Green asked seven CEOs of major US banks — including JPMorgan Chase’s Jamie Dimon and Citigroup’s Michael Corbat — to raise their hand if they thought they would be...
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