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...The White House and JPMorgan, the largest US bank by assets, declined to comment....
...Karonis also accuses JPMorgan of thwarting Viva by allowing the bank’s own payments business to compete with the fintech in some European markets....
...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...
...Trading emerged as a bright spot for many banks in first-quarter earnings reported over the past week, with revenues from stock and bond trading faring better than analysts were expecting at JPMorgan Chase...
...A Russian court has ordered the seizure of JPMorgan Chase funds totalling $439.5mn a week after Kremlin-run lender VTB launched legal action against the largest US bank to recoup money stuck under Washington...
...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....
...But while JPMorgan had to rescue ailing institutions such as mortgage lender Washington Mutual, it could still reduce its share count since 2008 by 27 per cent....
...As the country’s biggest credit card issuer and consumer bank, JPMorgan’s main selling point to advertisers is the sheer scale of its customer data....
...JPMorgan Chase chief executive Jamie Dimon said the US economy was “booming” but warned that he was “on the cautious side” of there being a soft landing....
...JPMorgan Chase shares fell by the most in almost four years on Friday as an underwhelming outlook for its lending business overshadowed an increase in first-quarter profits at the US’s largest bank....
...There’s also a trio of JPMorgan Hedged Equity Funds (mutual funds each with somewhat different reset dates) that together manage another $25.6bn....
...News clip Washington Mutual has gone under the FDIC, took over Washington Mutual yesterday, then sold its assets to JPMorgan Chase for nearly $2bn....
...JPMorgan hired him in 2000 to build a business for the bank in convertible bonds. There Raghavan dominated rivals....
...and Washington Mutual during the 2008 financial crisis....
...When I chaired the FDIC during the financial crisis, we sold the failed the mortgage lender Washington Mutual to JPMorgan. It was our only bidder and was prepared to take over WaMu immediately....
...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....
...In his annual letter to shareholders, the head of the largest US bank by assets said JPMorgan had plans for interest rates going above 8 per cent and as low as 2 per cent....
...JPMorgan Chase chief executive Jamie Dimon has shuffled his leadership team and consolidated some of the bank’s businesses, grooming potential candidates who could eventually replace him....
...The writer is a former investment banker and author of ‘Power Failure: The Rise and Fall of an American Icon’ JPMorgan Chase announced recently that the bank, under its gifted chief executive Jamie Dimon...
...The bank’s Chase UK retail arm would break even in the next 12 to 18 months, JPMorgan president Daniel Pinto told the FT’s Global Banking Summit on Tuesday....
...If you want to include all non-bank lending to the private sector, then you get a figure that is very large indeed!...
...Barnum said JPMorgan’s $2.8bn provision was primarily driven by loan growth at its credit card business — as banks make more loans they need to build provisions for a certain amount of losses — and “the...
...For further reading: JPMorgan takes almost a fifth of total US bank profits US regional banks hope for profit revival as pain from SVB fallout eases JPMorgan: the bank that never lets a crisis go to waste...
...But banks led by JPMorgan Chase lobbied hard to underwrite a financing over the past four months....
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