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...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...
...The founder and chief executive of a financial technology business co-owned by JPMorgan has begun legal proceedings against the Wall Street bank over what he claims are tactics to suppress his company’s...
...Oklahoma, another oil producer, banned JPMorgan, BlackRock and others from doing business with the state in 2023....
...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....
...The effort pertains to JPMorgan’s loan portfolio around products at Chase, its retail business, including mortgages, auto lending and credit card loans, these people said....
...The division has lagged behind rivals such as JPMorgan Chase, Morgan Stanley and BofA’s Merrill Lynch franchise, however....
...As the country’s biggest credit card issuer and consumer bank, JPMorgan’s main selling point to advertisers is the sheer scale of its customer data....
...If you want to include all non-bank lending to the private sector, then you get a figure that is very large indeed!...
...Raghavan, 57, is a 23-year veteran of JPMorgan Chase, the largest investment bank globally, and had been promoted to sole head of investment banking last month....
...The relative strengths have been obvious for a long time of course — a huge and profitable retail bank, a highly lucrative credit card business as well as much larger asset and wealth management and corporate...
...She moved over to the consumer banking side of the company, where she ran card services and was finance chief for mortgage banking....
...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....
...But banks led by JPMorgan Chase lobbied hard to underwrite a financing over the past four months....
...Several of the bank’s businesses — including credit cards and corporate transaction services — did better than expected in a quarter that many thought would be marred by the upheaval of the restructuring...
...JPMorgan Chase paid longtime chief executive Jamie Dimon $36mn for 2023, up about 4 per cent from the previous year and his largest remuneration at the US bank....
...Dimon also said Takis Georgakopoulos would continue to lead JPMorgan’s global payments business, while Mary Erdoes will remain as chief executive of the bank’s asset and wealth management....
...JPMorgan Chase chief executive Jamie Dimon hit out again at a variety of proposed new US bank regulations, telling lawmakers that the rules risked hurting low-income customers and would add more risks to...
...Other top banks Citigroup, JPMorgan Chase and Wells Fargo also recorded drops in lending in the first three months of the year as they revealed results late last week....
...JPMorgan Chase reported record profits for 2023 and struck a comparatively bullish tone for the year ahead, widening the gulf between America’s biggest bank and its three closest rivals....
...Doing that allowed JPMorgan to earn a lot of new business by taking on First Republic’s former customers. And number two, they maintained their position as a safe haven....
...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....
...Barnum said JPMorgan’s $2.8bn provision was primarily driven by loan growth at its credit card business — as banks make more loans they need to build provisions for a certain amount of losses — and “the...
...JPMorgan Chase chief executive Jamie Dimon has endorsed Disney’s Bob Iger as a proxy battle with billionaire activist Nelson Peltz nears a showdown at the entertainment giant’s annual meeting next month....
...Capital One and Discover are two of the biggest credit card lenders, behind JPMorgan Chase and Citigroup....
...Instead of doing this, JPMorgan has come up with a new target altogether, which it says is “more ambitious”....
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