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....
...JPMorgan Chase chief executive Jamie Dimon yesterday shuffled his leadership team and consolidated some of the bank’s businesses as he grooms potential candidates for an eventual take over from him....
...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....
...That peaked when Hong Kong’s chief executive John Lee and Yasir al-Rumayyan, governor of Saudi Arabia’s $700bn Public Investment Fund, struck a celebratory gong....
...Smart reads Bad investments After Peter Doelger’s $50mn fortune fell to a fraction of that amount under JPMorgan Chase’s management, the bank claimed it was acting on his wishes to take risks....
...In today’s newsletter: JPMorgan vs Goldman Sachs Czech billionaire hits it big at Casino Sony gives up the game Goldman gets ahead of the bad press It’s a great time to work at JPMorgan Chase....
...EXCLUSIVE: JPMorgan Chase’s recent flurry of acquisitions is being scrutinised by US regulators in a review that includes a $175mn deal with a founder of a start-up who was criminally charged this week with...
...Behind the bank merger Who would be behind another bank rescue but JPMorgan Chase boss Jamie Dimon, who helped orchestrate the deal between Banc of California and PacWest at his private beach club, Bloomberg...
...JPMorgan Chase were using customer deposits to fund risky trading operations....
...One thing to start: JPMorgan Chase is resisting attempts by lawyers to question Jamie Dimon under oath in litigation over the US bank’s decision to retain Jeffrey Epstein as a client for 15 years, although...
...Analysts estimate JPMorgan Chase, Bank of America, Citigroup and Wells Fargo to report collective net interest income for the final three months of 2022 of almost $60bn, up 30 per cent year on year, according...
...“Considering all the things that have happened the world is a lot better than you would have expected,” JPMorgan Chase’s chief operating officer Daniel Pinto....
...The Epstein effect Newly public allegations about Jeffrey Epstein’s relationship to Jes Staley have dragged Barclays and JPMorgan Chase further into the scandal....
...chieftains, including JPMorgan Chase’s Jamie Dimon and Blackstone’s Steve Schwarzman, flock to Riyadh next week to attend “Davos in the Desert” and kiss the ring of Saudi Arabia’s Crown Prince Mohammed...
...A week ago, Tiger told limited partners that John Curtius, a prolific software investor who oversaw over 100 investments since 2019, would be leaving....
...Need to know: business JPMorgan Chase has started to collect data on race and ethnicity from some borrowers in an effort to make good on promises to do more for the black community after the murder of George...
...Bank of America buys a ton of mortgage bonds and JPMorgan does not The composer John Cage wrote that “The way to get ideas is to do something boring. They fly into one’s head like birds.”...
...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....
...Virginia Khoo will join the corporate banking team of BNP Paribas in July as a senior banker. She previously worked as a managing director in the banking division of JPMorgan Chase....
...Business A huge rise in US government spending will boost the world’s largest economy over at least the next two years, the chief executive of JPMorgan Chase forecast....
...Essential comment before you go Tom Braithwaite There are some striking parallels between the problems at Archegos and the 2012 London Whale debacle, where JPMorgan Chase managed to lose $6.2bn betting...
...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....
...For example, in a 2010 opinion (Chevron Corp v Steven Donziger, et al) handed down from the US district court in Manhattan, the judge wrote that the “evidence at trial established that Donziger, a New York...
...Aged 17, John played with a skiffle band called The Sekrets....
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