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...Wood Mackenzie added that many companies in the oil and gas industry had low levels of borrowing and would be relatively unaffected by higher rates....
...JPMorgan Chase chief executive Jamie Dimon had a one-on-one lunch at the White House last week with vice-president Kamala Harris, according to people familiar with the matter....
...Trading emerged as a bright spot for many banks in first-quarter earnings reported over the past week, with revenues from stock and bond trading faring better than analysts were expecting at JPMorgan Chase...
...The division has lagged behind rivals such as JPMorgan Chase, Morgan Stanley and BofA’s Merrill Lynch franchise, however....
...And, in December, the EU passed an act banning AI’s use in some “high-risk” areas and regulating it in many others....
...All-in yields remain very high for many—above the psychologically relevant 10% threshold....
...Banks, like many other businesses, often face a choice between high returns and high growth....
...“You don’t have nearly as many companies going public because of the growth of private equity,” said David McGrath, chief equity strategist at Oakworth Capital Bank in Alabama....
...JPMorgan chief executive Jamie Dimon said that “many economic indicators continue to be favourable”....
...JPMorgan Chase, Bank of America, Wells Fargo and Citigroup collectively made $253bn in net interest income (NII) for the whole of 2023 — a 19 per cent jump from 2022’s total....
...While many countries are looking to lower their dependence on China, China itself is seeking to localise more production and reduce its dependence on foreign suppliers....
...This is likely in part because staples outperformed in 2022 and the market had some catching up to do; and partly because many staples stocks are bond substitutes, which lose favour as bond yields rise;...
...JPMorgan Chase chief executive Jamie Dimon has warned that US inflation and interest rates could remain higher than markets expect because of high government spending....
...But banks led by JPMorgan Chase lobbied hard to underwrite a financing over the past four months....
...Trillion-dollar green finance targets set by leading investment banks are driving a boom in “sustainable” debt deals, many of which have attracted criticism for funding high-emitting companies or financing...
...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....
...Second, many container shipping customers (including retailers) agree 12 months contracted rates on Asia-Europe, with many these renegotiated on a calendar year basis....
...Definitely not JPMorgan’s Chase UK....
...Shares in Citi fell 1.7 per cent on Friday, but less than those of rival JPMorgan Chase, which ended the day 6.5 per cent lower....
...One reason the profits are gushing at JPMorgan, compared with many of its peers, is that the bank has a much lower cost of capital....
...“Jamie’s here for many years to come as a CEO and chair,” said one of the former colleagues. “Whoever is in there has to get along with Jamie.”...
...Many fans embraced the sentiment. “Give us a song that actually means something to people,” said David McWilliams, an economist. The IRFU promotes an apolitical identity....
...As many professional workers have settled into now well established hybrid work patterns, banks and other financial services companies have stood out in recent weeks for the battles they are still having...
...If the pattern continues for the full year, the lender will not have commanded such a high share of industry profits since 2009, when many banks were still recovering from the financial crisis....
...JPMorgan Chase chief executive Jamie Dimon said the US economy was “booming” but remained cautious on the prospects of a soft landing....
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