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...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....
...JPMorgan Chase shares fell by the most in almost four years on Friday as an underwhelming outlook for its lending business overshadowed an increase in first-quarter profits at the US’s largest bank....
...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....
...Despite being the number six US bank by size, it only has a sixth of JPMs assets. It is still basically a regional bank, albeit a big one....
...If you want to include all non-bank lending to the private sector, then you get a figure that is very large indeed!...
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...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....
...It’s been a year since Silicon Valley Bank’s collapse left everyone worried that the US’s banking sector sat on shaky ground. Despite that turmoil, one bank stands out: JPMorgan Chase....
...JPMorgan Chase is suffering a wave of cyber attacks as fraudsters get “smarter, savvier, quicker, more devious, more mischievous”, the bank’s head of asset and wealth management has said....
...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....
...JPMorgan Chase captured almost a fifth of all US bank profits in the first nine months of 2023, capitalising on a year of turmoil for the country’s financial sector to emerge even more dominant....
...The figures, from JPMorgan analysts, confounded the bank’s own expectations and suggest a lingering lack of confidence among executives....
...News clip It’s JPMorgan Chase to the rescue. JPMorgan Chase has a deal to buy Bear Stearns for $2 a share....
...Sachs, JPMorgan and HSBC....
...JPMorgan provided $39.2bn of lending and underwriting services to fossil fuel companies in 2022, according to calculations by the Rainforest Action Network....
...These were bigger gains than at rival banks JPMorgan Chase and Citigroup, which reported results last week. Investment banking, meanwhile, had its best quarter in two years, with revenues of $2.1bn....
...In 2023, JPMorgan Chase, the US’s biggest bank, had the most profitable year of any bank ever — earning nearly $50bn in net income and just used part of that profit to increase the bank’s dividend to shareholders...
...JPMorgan Chase chief executive Jamie Dimon last year argued that the proposals risked making US bank stocks uninvestable....
...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 the regulated...
...Citi and Wells Fargo also recorded drops in lending. The pullback in lending hit JPMorgan Chase particularly hard....
...Despite this, in recent days executives from the country’s four largest banks — JPMorgan Chase, Bank of America, Citigroup and Wells Fargo — said during earnings calls that consumers were resilient....
...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....
...From Reuters back in January: JPMorgan begins private lending drive with $10 billion — source JPMorgan Chase & Co has set aside at least $10 billion to back its foray into the world of direct lending,...
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