Hints and tips:
...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....
...Drawing parallels with the highlife music that plays throughout the video, Turner points to the words of Ghana’s “king of highlife”, ET Mensah....
...One scoop to start: JPMorgan Chase is aiming to recover millions of dollars from an insurance policy that protected the US bank against fraud after its botched $175mn acquisition of financial aid start-up...
...He previously spent 20 years at law firm Cravath before joining JPMorgan Chase in 2000....
...Goldman Sachs chief executive David Solomon and JPMorgan Chase’s Jamie Dimon each earned about $35mn in pay in 2021 . . . a pittance in contrast to the $615mn in total pay and dividends that Blackstone’s...
...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....
...Others, including the banks JPMorgan Chase and Citigroup, as well as technology groups Facebook and Microsoft suspended all political donations....
...The UK urgently needs both a real, green national investment bank, and authentic, regional banks, like the nascent South West Mutual....
...(FT) NRA v San Francisco The National Rifle Association sued San Francisco on Monday over the city’s recent declaration that the gun-rights lobby was a “domestic terrorist organisation.”...
...(Wall Street Journal) News round-up Goldman, JPMorgan said among banks in top Aramco IPO roles (Bloomberg) Bovis and Galliford Try in talks over £1.1bn housebuilding tie-up (FT) Saudi Aramco chief says...
...advocate groups such as the National Rifle Association....
...For some context, Morgan Stanley earned $2.4bn in advisory revenues last year, JPMorgan Chase reported $2.5bn in advisory fees, and Goldman Sachs said it earned $3.5bn in financial advisory revenues....
...Chase precious metals trader has pleaded guilty to spoofing charges in an action that could implicate other employees at the bank....
...Kelly Coffey is set to become City National Bank's new chief executive. She replaces Russell Goldsmith, who will continue as chairman. Coffey joins from JPMorgan Chase....
...After that, he served as co-head of US M&A at JPMorgan Chase before leaving to become deputy chairman at Cadwalader, Wickersham & Taft....
...Stephen King, group chief economist, HSBC Investment Bank Following sterling’s decline, there’s a good chance that inflation rises to 3.5 per cent by year end....
...Stephen King, group chief economist, HSBC Investment Bank At the moment, the chances are that the BoE will do nothing....
...Noble Francis, economics director, Construction Products Association The new fiscal rules provide more headroom and we have already seen further announcements of capital investment in the form of the National...
...Stephen King, group chief economist, HSBC Investment Bank If immigration falls, the UK economy as a whole is likely to suffer....
...Stephen King, group chief economist, HSBC Investment Bank Feel about the same as 12 months ago I feel about the same as I did earlier....
...Martin Weale, professor, King’s College London I expect growth of 1.7 per cent....
...Stephen King, group chief economist, HSBC Investment Bank Ask Nigel Farage. Apparently he knows....
...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...
...But, as Neil notes, things could have been worse without all that warehousing shenanigans from Goldman et al....
...The King Abdullah University of Science and Technology has hired its next president, Jean-Lou Chameau....
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