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...Since its founding in 2000, Viva has grown to become one of the biggest fintechs in southern Europe, offering payment services in 24 countries....
...JPMorgan Chase chief executive Jamie Dimon had a one-on-one lunch at the White House last week with vice-president Kamala Harris, according to people familiar with the matter....
...Banks complain that local, politically driven measures are not assessed in terms of their competitive effects. One illustration is how the market perceives Europe’s banks: not well....
...Listening to a recent FT Behind the Money podcast about JPMorgan Chase, however, made me wonder if banks might not be the most interesting and perhaps even the most extreme example of that dynamic....
...Other top banks Citigroup, JPMorgan Chase and Wells Fargo also recorded drops in lending in the first three months of the year as they revealed results late last week....
...Chase cardholders will see offers when they log on to their app and can choose to activate the ones they like. Advertisers will not have direct access to Chase customer data....
...But the bank’s guidance for net interest income disappointed investors, and its shares closed down 6.5 per cent, their biggest one-day drop since June 2020....
...But banks led by JPMorgan Chase lobbied hard to underwrite a financing over the past four months....
...Despite being the number six US bank by size, it only has a sixth of JPMs assets. It is still basically a regional bank, albeit a big one....
...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...
...The 12 large cap banks followed by Morgan Stanley analysts, including PNC, JPMorgan Chase, Bank of America and Wells Fargo, now have more than $180bn of excess common equity tier one capital — a record high...
...Revenue from the bank’s huge bond and commodities trading unit, one of its biggest money generators, fell 10 per cent in the quarter....
...He also gets the title of executive vice-chair of the bank — the only one of the five business heads to do so — underlining his higher profile within Citi....
...Among the European banks still operating in Russia, Raiffeisen is the only one that has increased local headcount — by 6.6 per cent to 9,942 employees as of December....
...JPMorgan Chase chief executive Jamie Dimon has warned that US inflation and interest rates could remain higher than markets expect because of high government spending....
...Raghavan, 57, is a 23-year veteran of JPMorgan Chase, the largest investment bank globally, and had been promoted to sole head of investment banking last month....
...It’s been a year since Silicon Valley Bank’s collapse left everyone worried that the US’s banking sector sat on shaky ground. Despite that turmoil, one bank stands out: JPMorgan Chase....
...If you want to include all non-bank lending to the private sector, then you get a figure that is very large indeed!...
...JPMorgan Chase spent about 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 pursued ways to get control...
...JPMorgan Chase recently estimated the size of that market at $3.1tn....
...One reason the profits are gushing at JPMorgan, compared with many of its peers, is that the bank has a much lower cost of capital....
...“Banks are having to come face to face with the fact that there are things that don’t work as well when no one is in the office,” said Mark Mortensen, associate professor of organisational behaviour at Insead...
...One effect is that indices based on a specific number of stocks — such as the S&P 500 or the Russell 2000 — now cover much larger segments of the market than they used to, potentially skewing risks and returns...
...Its enormous size makes it one of a handful of US banks that savers see as having an implicit government guarantee on its deposits, believing that regulators would not allow the bank to fail in a crisis...
...And the bank points out that more than one-fourth of sovereigns that issued bonds above 10 per cent between 1995 and 2004 (the last time rates were this high) now have investment-grade ratings: Some simplification...
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