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....
...In total, JPMorgan Chase analysts estimate the whole Signa Group to owe more than €13bn....
...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....
...BlackRock and JPMorgan Chase are helping Ukraine set up a reconstruction bank for rebuilding projects that hope to attract hundreds of billions of dollars in private investment....
...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 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....
...JPMorgan’s chief executive Jamie Dimon discovered the resistance to change in his push to build a “pay-by-bank” feature....
...Private equity firm Clayton, Dubilier & Rice has hired Gordon Smith, former co-president and chief operating officer of JPMorgan Chase, as an operating adviser....
...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...
...Job moves JPMorgan Chase has promoted Jeremy Capstick to global co-head of market infrastructure....
...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....
...But banks including JPMorgan, Goldman Sachs and Barclays have in recent days either reiterated their long-term bull case for oil or even increased their forecasts for prices....
...US authorities this week levied a $920m fine on JPMorgan Chase for eight years of giving a false impression of market demand in precious metals and US government bonds by rapidly entering and cancelling...
...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....
...The headline, unavoidably, was the immense sum put aside for loans that might go bad because of the Covid-19 shutdown: a thumping $25.4bn in total at Bank of America, Citigroup, JPMorgan Chase, Wells Fargo...
...Tony Scherrer, an investor at Smead Capital who holds shares in Bank of America, JPMorgan Chase and Wells Fargo, said he would be watching for “indications on whether authorities want to get more involved...
International Edition