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...Sumitomo Mitsui Banking Corporation is planning to triple its stake in US investment bank Jefferies Financial Group, deepening ties between the Wall Street and Tokyo banks in an effort to compete with larger...
...In today’s newsletter: Jane Fraser’s bold hire at Citigroup Private credits hunt for yield Sequoia’s clean-up job Citi bets on one of JPMorgan’s top bankers Investment bankers at JPMorgan Chase sometimes...
...In the wake of three of the largest bank failures in US history a year ago, the US Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency are all pushing...
...For the first time since taking the helm of JPMorgan Chase in 2006, Dimon will begin unloading his $1.2bn of stock next year....
...Two scoops to start, first: JPMorgan Chase spent more than 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...
...In a 1989 paper entitled The Eclipse of the Public Corporation, he powerfully argued that dispersed ownership in public markets led to a lack of management accountability to owners....
...BlackRock’s push into alternative investments led it to hold talks with Warburg Pincus....
...“An investment in the fund is not a bank deposit,” Dreyfus says upfront. “It is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency....
...BlackRock, Citigroup, JPMorgan Chase, Wells Fargo, BNY Mellon and Bank of America will all report fourth-quarter figures on Friday....
...If you like shaggy dog stories, you may enjoy The Feather Thief by Kirk Wallace Johnson, which I have just finished reading....
...while Sumitomo Mitsui Banking Corporation has a partnership with Jefferies Financial Group....
...Sylvia Morris, a former headteacher who describes herself as a “nitpicker”, says residents have to be “tenacious and strong minded” to chase proof of costs and services....
...Corporations, on the other hand, are able to retain more annual profits and are better able to attract capital, he added....
...Without it, the payments group can’t offer a full suite of lending services nor offer customers the security of the UK’s deposit insurance scheme....
...Earnings at JPMorgan Chase and Wells Fargo, which both also reported results on Friday, jumped 67 per cent and 57 per cent, respectively. Citi’s shares fell 4.1 per cent in New York....
...Jamie Dimon, chief executive of JPMorgan Chase, has warned that they risk making US banks uninvestable. Banking lobby groups have threatened lawsuits....
...The deal “is a surprise to us that needs lots of explaining”, said JPMorgan Chase analyst Kian Abouhossein....
...The sequence of events, reflected this week in JPMorgan Chase’s purchase of First Republic Bank goes something like this. Rates go up some more....
...Consider the services that Apollo Global Management, one of the biggest, now provides....
...Brevan Howard has hired Ares Management Corporation’s Oualid Lahsini to lead its Middle East business in Abu Dhabi....
...The Syngenta listing “is the embodiment of how difficult it is from a financial services standpoint to succeed in China”, said Han Lin, China country head at advisory firm The Asia Group....
...A number of investment firms have also been given access to the data and encouraged to provide bids....
...Both DraftKings and Barstool, from which casino group Penn Entertainment exited its investment this week, declined interview requests....
...During a trip to Davos in January the two met senior executives from some of Wall Street’s biggest investment banks including Goldman Sachs, JPMorgan Chase and Morgan Stanley....
...The Federal Deposit Insurance Corporation, which is leading the government effort, received bids from banks including JPMorgan Chase, PNC and Citizens, according to three sources with knowledge of the situation...
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