Hints and tips:
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...HPS was founded in 2007 as a division of Highbridge, JPMorgan Asset Management’s hedge fund unit, and was spun off in 2016....
...The lenders are increasingly confident they can edge out investment banks including JPMorgan Chase and Goldman Sachs in a deal to fund Carlyle’s acquisition of a 50 per cent stake in healthcare analytics...
...But banks led by JPMorgan Chase lobbied hard to underwrite a financing over the past four months as a new deal moved closer to the finish line....
...There are signs that it is already happening, with JPMorgan Chase and Goldman Sachs lining up $8.4bn of debt to fund GTCR’s purchase of a majority stake in payments provider Worldpay....
...The big banks — such as JPMorgan Chase, Morgan Stanley, Goldman Sachs, Bank of America, and Citigroup — are no longer Wall Street’s pre-eminent innovators and risk-takers. And that is by design....
...Banks led by Goldman Sachs and JPMorgan Chase and including Citigroup, Wells Fargo, UBS and Deutsche Bank are arranging $8.4bn in loans to finance the deal, sources told the FT....
...Big US banks such as JPMorgan Chase and Citigroup have been inundated with requests from customers seeking to transfer funds from smaller regional banks since SVB’s failure....
...JPMorgan Chase led financing packages for Silver Lake’s $12.5bn takeover of software company Qualtrics and Apollo’s $8.1bn purchase of Univar Solutions....
...JPMorgan’s strategic investment in Tilia, the payments platform from Second Life creators Linden Lab, is indicative of the financial services sector’s opportunities in the space....
...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...
...The debt financing includes a $4.55bn term loan and $4bn secured bond, as well as loans the banks plan to hold themselves....
...Sanjiv Somani, UK chief executive of Chase, JPMorgan’s digital bank, told the FT earlier this month that he wanted to integrate the retail bank with digital wealth management arm Nutmeg, which it bought...
...as it sharpens Asia focus (Reuters) US banks shun last Russian stock still trading in Hong Kong (FT) JPMorgan Chase loosens mask and Covid vaccine rules for US workers (FT) Goldman accused of breaching...
...Large debt-financed takeovers by the private equity world have historically been underwritten by household names on Wall Street, institutions such as JPMorgan Chase, Goldman Sachs and Bank of America....
...Where is all the US bank M&A? With US interest rates near zero and weak demand for loans the conditions are ripe for takeovers in the financial services sector....
...Bank of America’s fees from China deals jumped more than 300 per cent to $197m this year, with the bank blowing past JPMorgan and Credit Suisse to take third place....
...Beyond the Square Mile A strong end to 2020 has paved the way for America’s top banks to buy back more than $10bn of their shares in the first quarter, as the loan losses of the pandemic year recede and...
...Mr Kaser said he favoured large banks such as Citigroup, JPMorgan Chase and BofA, which are buffered by income from investment banking and other sources....
...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....
...This is not a normal recession,” JPMorgan Chase’s chief executive Jamie Dimon warned, his bank leading the pack at $18.8bn in provisions....
...a V-shaped recovery....
...Within the financial sector, the universal banking models of lenders such as JPMorgan Chase have fared better....
...of the number of jobs destroyed and the increase in unemployment,” said Michael Feroli, chief US economist at JPMorgan Chase....
...The Japanese group is also providing him a $500m credit line to help repay a loan extended by JPMorgan Chase, UBS and Credit Suisse....
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