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....
...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....
...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....
...It’s from JPMorgan analysts Tien-tsin Huang et al, who cover IT services at the bank....
...One thing to start: Deutsche Bank’s Frankfurt headquarters and the homes of 10 current and former employees were raided by police on Tuesday as part of an investigation by prosecutors into the bank’s role...
...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....
...Q3 bank earnings. JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo kicked off earnings season on Tuesday....
...The company is in talks with JPMorgan Chase and Goldman Sachs, as well as several other banks, for some lending package....
...JPMorgan Chase has hired Ryan Dawson as a managing director in the bank’s Europe, Middle East and Africa leveraged finance origination team. Dawson joins from Nomura....
...By the time of Lehman Brothers’ collapse, there remained two US tri-party agents: JPMorgan Chase and Bank of New York Mellon....
...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....
...He joins from Kirkland & Ellis. Baker McKenzie, a law firm, has hired Peter Lu as a partner and head of the China group in London. He joins from White & Case....
...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...
...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....
...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...
...(Financial Times)(Wall Street Journal)(Bloomberg)(FastFT) Moody’s may downgrade biggest US banks, saying bailouts less likely in future: Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo could...
...But, as Neil notes, things could have been worse without all that warehousing shenanigans from Goldman et al....
...So it’s not surprising that the first response from Buchheit et al is to answer back with bits of the bond contract that suggest sneaky loopholes instead....
...Abrahamson et al find evidence that “strategic pricing” (implicit collusion) is as strong as ever in the US IPO market....
...The frantic effort by Goldman et al to quell public outrage over their industry’s compensation practices has successfully brought the top three: Blankfein, Citi’s Vikram Pandit and JPMorgan’s Jamie Dimon...
...“A rally past the first week of May would force us to reconsider this view, as it would suggest a ‘V’ bottom is more likely.”...
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