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..., Goldman Sachs, Morgan Stanley, Bank of America and Citigroup....
...The White House and JPMorgan, the largest US bank by assets, declined to comment....
...In 2020, the bank lost out to Morgan Stanley in the $7bn bidding war to buy US investment manager Eaton Vance....
...But while JPMorgan had to rescue ailing institutions such as mortgage lender Washington Mutual, it could still reduce its share count since 2008 by 27 per cent....
...A Russian court has ordered the seizure of JPMorgan Chase funds totalling $439.5mn a week after Kremlin-run lender VTB launched legal action against the largest US bank to recoup money stuck under Washington...
...How much have JPM’s recent large acquisitions — Bear Stearns, Washington Mutual, First Republic — contributed? Has banking industry profit always been so concentrated?...
...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...
...Bank of America, Goldman Sachs and Morgan Stanley report results early next week. Additional reporting by Harriet Clarfelt...
...Morgan Stanley paid James Gorman $37mn in 2023 for his final 12 months as chief executive of the Wall Street bank, a 17.5 per cent increase from the prior year despite the bank’s lower profits....
...The 12 large cap banks followed by Morgan Stanley analysts, including PNC, JPMorgan Chase, Bank of America and Wells Fargo, now have more than $180bn of excess common equity tier one capital — a record high...
...When I chaired the FDIC during the financial crisis, we sold the failed the mortgage lender Washington Mutual to JPMorgan. It was our only bidder and was prepared to take over WaMu immediately....
...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 chief executive Jamie Dimon hit out again at a variety of proposed new US bank regulations, telling lawmakers that the rules risked hurting low-income customers and would add more risks to...
...The Bank of Japan is likely to hold off from raising interest rates next week but investors expect the central bank to outline its response to rising inflationary pressures caused by the yen’s decline....
...The bank’s burst of friendly fire comes just a few weeks after the Bank for International Settlements became the latest to flag that the explosion of option-based investment funds may be contributing to...
...That’s the question facing policymakers gathering in Washington DC for the spring meetings of the IMF and World Bank....
...Pay for Morgan Stanley’s top executive James Gorman, rose nearly 18 per cent to $37mn, while JPMorgan Chase upped its chief executive Jamie Dimon’s pay by 4 per cent to $36mn....
...Bank of America, Barclays, Citigroup, Jump Trading, JPMorgan Chase, Morgan Stanley, Tower Research Capital and Wells Fargo are also investing in FMX....
...Rivals JPMorgan Chase, Morgan Stanley and Goldman have also raised their chief executives’ 2023 pay....
...and Washington Mutual during the 2008 financial crisis....
...Rivals JPMorgan Chase and Morgan Stanley also raised their chief executives’ pay for 2023....
...Altman, 77, launched it after a career that took him from Lehman Brothers and Blackstone to Washington, where he served as deputy US Treasury secretary in the Clinton administration....
...The IMF and the World Bank kick off their joint spring meeting on Monday in Washington....
...Morgan Stanley’s first female CFO, Ruth Porat, famously decamped to Google in 2015 to do the same role for much more money; more recently Thasunda Brown Duckett left JPMorgan Chase to head up investment...
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