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costume drama ‘Franklin’ stars Michael Douglas stars as Benjamin Franklin; season 2 of gritty Belfast police drama ‘Blue Lights’; Amazon Prime’s ‘Fallout’ is an apocalyptic video-game adaptation — reviews
...To get the merger approved, Capital One is making a case that there is little overlap between the two banks’ credit card businesses....
...Paris has emerged as the biggest winner, with Wall Street banks such as JPMorgan and Bank of America choosing the French capital for their main post-Brexit European centre....
...The two UK subsidiaries cover about 4,000 of Goldman’s 45,000 worldwide employees, for most of whom the bank is not obliged to publish comparable data....
...Englander has built Millennium into a hedge fund that increasingly resembles the markets division of a global bank....
...Jefferies chief executive Rich Handler has sold $65mn of his stock in the Wall Street investment bank to buy a luxury yacht from longtime client Tilman Fertitta....
...Dimon, 68, who as head of the largest US bank by assets often uses his public remarks to opine on issues well beyond Wall Street, said he was surprised that geopolitical tensions had not had a bigger impact...
...Seven banks — out of 45 then operating in the country — have been granted presidential approval, including Mercedes-Benz Bank, Ikano, J&T and Intesa....
...I’m joined now by the FT’s Josh Franklin to talk about it. Hey, Josh. Joshua FranklinHi....
...Goldman Sachs has agreed a deal to move its automated investing unit, Marcus Invest, to US “robo-advisor” Betterment, as part of the Wall Street bank’s efforts to pare back a strategy to cater to mass market...
...Hope, not to mention the supply of weapons and the number of troops, is dwindling fast. But the US has a secret weapon called Benjamin Franklin....
...The bank said net income for the first three months of the year was $4.1bn, up from $3.2bn a year earlier and almost $1bn ahead of analysts’ forecasts compiled by Bloomberg....
...Bank of America, Goldman Sachs and Morgan Stanley report results early next week. Additional reporting by Harriet Clarfelt...
...Joshua Franklin It’s really been a case of the haves and the have-nots in US banks over the last 12 months or so. The haves have been a pretty small number....
...The business, which has been central to the bank’s growth in recent years, was already in the sights of the Federal Reserve over money laundering controls....
...In a wide-ranging interview on Tuesday at the Economic Club of New York, Dimon said the state of the US economy was “unbelievable” and had been “booming for a while”....
...Profits at JPMorgan Chase rose 6 per cent in the first three months of 2024 from a year earlier, despite the bank paying an extra $725mn charge by US regulators to cover the costs from last year’s regional...
...More US credit card accounts were past due on their payments to the largest banks at the end of 2023 than at any time since 2012, according to data from the Federal Reserve Bank of Philadelphia....
...The bank reported net income of $3.4bn in the first three months of the year, up from $3bn a year earlier and comfortably ahead of analysts’ estimates compiled by Bloomberg of $2.7bn....
..., at least in the west, into the hands of the US banks....
...The start of the year is typically a strong period for banks’ trading businesses with clients returning in January and taking new financial bets, but markets have lacked much of the frenzy of the past few...
...The bank said in a proxy filing also released on Monday that “an orderly CEO transition in the medium term” was a top priority for its board of directors....
...The group was acquired by Japanese bank Mizuho last year for a modest $550mn, including debt....
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