Hints and tips:
...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....
...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....
...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 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....
...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...
...This was especially true at JPMorgan Chase, where investment bank boss Daniel Pinto said trading revenues in the second quarter could be up as much as 50 per cent compared with a year earlier....
...In its quarterly results last month, JPMorgan Chase took a whopping $8bn provision for future losses on bad loans, six times higher than in the same period last year and higher than any other quarter in...
...Banks such as Citigroup and JPMorgan Chase are expected to do well thanks to record fees driven by debt sales from crisis-hit companies....
...Within the financial sector, the universal banking models of lenders such as JPMorgan Chase have fared better....
...Since then, UBS and JPMorgan Chase have increased existing stakes to 51 per cent....
...Chase....
...The investment banking performance contrasts with the record profitability at many of the banks’ parent companies, such as JPMorgan Chase and Morgan Stanley, whose earnings were powered by strong trends...
...Staley hired Tim Throsby, an ex-JPMorgan Chase banker who had a reputation among colleagues of being “a bull in a China shop”, to lead Barclays’ humbled investment banking division into a new era that would...
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