Hints and tips:
...Listening to a recent FT Behind the Money podcast about JPMorgan Chase, however, made me wonder if banks might not be the most interesting and perhaps even the most extreme example of that dynamic....
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...Here’s an unusual thing, a sellside note on generative AI that does more than swallow and regurgitate the hype. It’s from JPMorgan analysts Tien-tsin Huang et al, who cover IT services at the bank....
...Earnings at JPMorgan Chase, Bank of America, Wells Fargo and Citigroup were up 23 per cent. By contrast profits at all other institutions dropped by an average 19 per cent in the quarter....
...JPMorgan Chase reimbursed former executive Jes Staley for trips to meet Jeffrey Epstein, according to allegations in court documents....
...JPMorgan Chase chief executive Jamie Dimon boasted last year that 10 per cent of the bank’s hires in 2021 had criminal records, and that (in contrast with Cowley’s experience so far) “retention rates for...
...such as Goldman Sachs, Bank of America and JPMorgan Chase had a good thing going during a decade-long surge in private equity takeovers....
...In the second quarter of this year, growth in card loans at JPMorgan Chase, Citigroup and Bank of America were 0 per cent, -5 per cent, and -10 per cent, respectively....
...JPMorgan Chase resumes donations The bank will restart political donations but not to candidates who voted against certifying Joe Biden’s election victory, after pausing contributions in January following...
...Or look at the action of banks. This week JPMorgan Chase, Wells Fargo and Citi set aside a record $28bn for bad loans, more than expected....
...And, as lockdown measures are softened, the return of the likes of Gregg's, Starbucks et al to the UK FtG market will increase competition....
...The iPhone maker’s shares have rallied 65 per cent so far this year, adding $407bn to its equity value or almost as much as the entire market capitalisation of JPMorgan Chase, America’s biggest bank by assets...
...As Copeland et al noted in 2015: A complete unwind of all repos, and not merely of those maturing, is an operationally simple process....
...If the We Company were to shelve the listing, it would also lose access to a $6bn loan from a group of banks, including JPMorgan Chase and Goldman Sachs, that was contingent on the IPO raising at least $3bn...
...Addison Lee, the mini cab company that was bought by Carlyle just months before Uber et al made it on to the scene....
...former JPMorgan Chase precious metals trader has pleaded guilty to spoofing charges in an action that could implicate other employees at the bank....
...(FT) Brexit in the balance JPMorgan Chase’s chief executive has issued a bleak warning that Brexit will create a significant economic downturn, a day after two senior cabinet ministers resigned in protest...
...(FT) Banking with Amazon Amazon is discussing a potential partnership to offer its customers bank accounts through JPMorgan Chase, in a deal that could unite America’s largest bank with its biggest ecommerce...
...After that, he served as co-head of US M&A at JPMorgan Chase before leaving to become deputy chairman at Cadwalader, Wickersham & Taft....
...Who ultimately wins the stand-off — Mr Dimon et al or the market — will hang in part on how duty-bound JP feels to stand by its pledge....
...Fine… he runs JPMorgan Chase, it’s a big bank. What’s so interesting about him getting on a plane?...
...For a company like Rural that is traded on a major exchange, ―[t]urnover measured by average weekly trading of . . . 1% would justify a substantial presumption‖ of market efficiency. 5 Bromberg et al., Bromberg...
...Statistical studies (see for example Gadea et al) confirm that there has been no significant break in the behaviour of volatility in the five year period since 2008, compared to that experienced during GM...
...(Reuters) - The escalating role of central banks in EM currency. (Wall Street Journal) - Goldman et al should be forced to incur losses on mistaken trades, says Myron Scholes....
...But, as Neil notes, things could have been worse without all that warehousing shenanigans from Goldman et al....
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