Hints and tips:
...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...
...That’s what we missed: how the policy response to the regional banking crisis stabilised the banking system, which allowed a pretty sharp V-shaped recovery....
...Former JPMorgan Chase banker Nicolas Aguzin is to leave his role as chief executive of Hong Kong’s stock market operator HKEX at the end of his three-year term....
...In total, JPMorgan Chase analysts estimate the whole Signa Group to owe more than €13bn....
...She joins from Perkins Coie....
...If you’ve got thoughts for a topic that would suit the Future of Money, you can email me at sid.v@ft.com. Please let us know how you’re finding the newsletter in our survey below. Happy reading!...
...What JPMorgan learns there can be used to modernise its core Chase US retail bank and be the foundation of a string of digital-only offerings elsewhere....
...account while opening an account with JPMorgan Chase....
...JPMorgan Chase cut its 2022 growth forecast for the country from 4.3 per cent to 3.7 per cent on Monday, with the US investment bank predicting a deeper contraction in the second quarter over “high-pressure...
...JPMorgan Chase, UBS, Julius Baer, Jefferies, Cantor Fitzgerald and (most recently) Deutsche Bank have turned to Movius to keep track of calls, text messages and WhatsApp conversations....
...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...
...JPMorgan Chase launched a new “tax-smart” platform last week, throwing its hat in the ring against existing programmes at Morgan Stanley, BlackRock and other asset managers....
...JPMorgan chases growth While fintechs like Klarna are tightening their belts, JPMorgan told investors last week that it expects to lose up to $1bn over the next few years on its new digital consumer bank...
...Cloud banking fintech Thought Machine doubles valuation London-based Thought Machine, whose clients include Morgan Stanley, JPMorgan Chase and Lloyds Banking Group reached a valuation of $2.7bn in a $160mn...
...Underpinned by cloud native technology, Vault is a highly configurable platform that is trusted by the world’s most competitive banks, including JPMorgan Chase, Lloyds Bank, Standard Chartered and SEB....
...Now, Wall Street giants like JPMorgan Chase have joined the party in Europe too, throwing the City of London’s financial dominance into uncertainty....
...Jamie Dimon, JPMorgan Chase chief executive, on Monday said the bank is on track for one of the strongest quarters for investment banking “we’ve ever seen”....
...This compares to the 27 per cent rise recorded at Bank of America and Goldman Sachs, the 37 per cent increase at JPMorgan Chase and the 46 per cent surge at Morgan Stanley....
...JPMorgan Chase reported a 57 per cent surge in investment banking fees while Goldman Sachs recorded its highest return on equity since 2009....
...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....
...(FT) Coronavirus digest A huge rise in US government spending will boost the world’s largest economy over at least the next two years, said Jamie Dimon, chief executive of JPMorgan Chase, in his annual...
...Benjamin Wilson, head of shareholder activism in North America at JPMorgan Chase, has left the US bank to take a senior role in the M&A department of Guggenheim Partners, Reuters reported and DD confirmed...
...However, Jamie Dimon, JPMorgan Chase’s chief executive, warned: “We don’t know what the future is going to hold. This is not a normal recession.”...
...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....
...A study last week by JPMorgan Chase Institute of 1.3m SMEs shows that their cash balances plummeted by almost 13 per cent before the Cares Act stimulus kicked in....
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