Factbox-Key executives at JPMorgan taking on new roles
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase shuffled executives on Thursday to give them more experience running different businesses as Wall Street focuses on succession plans for…
JPMorgan, General Dynamics board member Jim Crown dies in accident
NEW YORK (Reuters) -JPMorgan Chase & Co and General Dynamics Corp board member Jim Crown was killed on Sunday in a vehicle accident near Aspen, Colorado, a county coroner said. Crown was…
JPMorgan cuts nearly 40 investment bankers in US – source
By Nupur Anand NEW YORK (Reuters) – JPMorgan Chase & Co is cutting nearly 40 investment bankers in the U.S., a source with knowledge of the matter said. The reductions come after…
US Virgin Islands Gave Jeffrey Epstein $300 Million In Tax Incentives, JPMorgan Filing Says
US Virgin Islands Gave Jeffrey Epstein $300 Million In Tax Incentives, JPMorgan Filing Says Will Kessler on June 21, 2023 The U.S. Virgin Islands (USVI) gave deceased convicted sex offender Jeffrey Epstein…
JPMorgan names new data chief, head of securities services
By Nupur Anand NEW YORK (Reuters) – JPMorgan Chase & Co named Teresa Heitsenrether its chief data and analytics officer, leading the adoption of artificial intelligence across the largest U.S. bank, according…
JPMorgan commercial bank enters Singapore, Israel in global push
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co’s commercial bank is entering Singapore and Israel this year as its unit catering to midsize and small companies…
JPMorgan cuts around 20 Asia investment banking jobs-source
By Selena Li HONG KONG (Reuters) – JPMorgan Chase & Co has in a new round of downsizing cut around 20 investment banking jobs in Asia, a source with direct knowledge of…
JPMorgan invests in financial technology provider Cleareye.ai
LONDON(Reuters) – JPMorgan has made a strategic investment in Cleareye.ai, a financial technology firm focused on trade finance, the companies said on Tuesday. The parties, which entered into a commercial partnership last…
JPMorgan says one deposition of Jamie Dimon in Epstein case is enough
By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase urged a federal judge to reject the U.S. Virgin Islands’ demand that Chief Executive Jamie Dimon sit for a second deposition for its…
Morgan Stanley, JPMorgan turn bullish on emerging market local bonds
LONDON (Reuters) – Morgan Stanley has become the latest Wall Street bank to turn bullish on local emerging market bonds, though its strategists said they remained wary of developing economies’ currencies in…
JPMorgan expects Turkey central bank to lift rates to 25% on June 22
LONDON (Reuters) – JPMorgan said on Monday it expects Turkey’s central bank to hike interest rates to 25% from the current 8.5% at its June meeting, adding this could come with forward…
JPMorgan president says loan demand declining, US economic slowdown weighs
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co’s President and Chief Operating Officer Daniel Pinto said loan demand is declining at a time when regional and…
JPMorgan CEO Dimon denies personal connections with Epstein
(Reuters) – JPMorgan Chase & Co Chief Executive Jamie Dimon said in a deposition on Friday that he had never met or communicated with late sex offender and former bank client Jeffrey…
Vedanta raises about $850 million via JPMorgan, Oaktree loan – Bloomberg News
(Reuters) – Vedanta Group, the promoter of metals-to-oil conglomerate Vedanta Ltd, has signed a five-year loan for about $850 million with JPMorgan and Oaktree, Bloomberg News reported, citing people familiar with the…
JPMorgan sees rise in corporate defaults in Latin America
(Reuters) – JPMorgan increased its corporate default rate forecast for all emerging markets to 6% from 5.5% on Monday, citing in particular growing risk among Latin American companies as access to credit…
JPMorgan CEO says unlikely to acquire other struggling banks
By Nupur Anand and Niket Nishant NEW YORK (Reuters) – JPMorgan Chase & Co CEO Jamie Dimon said that it is “unlikely” that the bank will acquire any other struggling lender, weeks…
Moelis & Co hires JPMorgan veteran Debost for Paris bureau
PARIS (Reuters) – U.S. investment bank Moelis & Co is strengthening its presence in France by hiring Edouard Debost from JPMorgan, it said on Tuesday. Debost, who will join Moelis as managing…
Federal Regulators Seize And Sell Major Bank To JPMorgan Chase
Federal Regulators Seize And Sell Major Bank To JPMorgan Chase Jason Cohen on May 1, 2023 Federal regulators took ownership of the First Republic Bank and sold it to JPMorgan Chase on…
Fifth Third Bancorp bid for First Republic before sale to JPMorgan -sources
By Anirban Sen and David French NEW YORK (Reuters) – Fifth Third Bancorp was one the banks that submitted final bids for First Republic Bank on Sunday before it was sold to…
JPMorgan bankers met with Epstein after his accounts were closed – WSJ
NEW YORK (Reuters) – JPMorgan Chase & Co bankers continued to have meetings with the sex offender Jeffrey Epstein even after the bank decided to close his accounts in 2013, the Wall…
JPMorgan sees “non-trivial risk” of a technical default on U.S. Treasuries as debt ceiling looms
LONDON (Reuters) – JPMorgan expects the U.S. debt ceiling to become an issue as early as next month with the Wall Street bank ascribing a “non-trivial risk” of a technical default on…
JPMorgan CEO Jamie Dimon to face questioning in Jeffrey Epstein cases
By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Tuesday ordered JPMorgan Chase & Co CEO Jamie Dimon to set aside two days for depositions about what he knew about…
JPMorgan amasses deposits as customers move money to largest U.S. bank
By Mehnaz Yasmin and Niket Nishant (Reuters) – JPMorgan Chase & Co on Friday reported a surge in deposits in the first quarter, as the sudden collapse of two U.S. regional banks…
JPMorgan sees Turkey lira diving towards 30 per dollar after elections
By Marc Jones LONDON (Reuters) – Turkey’s lira is likely to drop sharply and could near 30 to the dollar following next month’s elections, bankers at JPMorgan have predicted, if it looks…
UBS has hired JPMorgan to explore C.Suisse domestic spin-off -Swiss media
ZURICH (Reuters) – UBS has hired JPMorgan to explore a possible IPO of Credit Suisse’s domestic business, Zurich based finance blog Inside Paradeplatz reported on Thursday. Last month UBS agreed to takeover…
JPMorgan Boss Warns That Banking Crisis Will Have Consequences ‘For Years To Come’
JPMorgan Boss Warns That Banking Crisis Will Have Consequences ‘For Years To Come’ Jason Cohen on April 4, 2023 JPMorgan Chase CEO Jamie Dimon said in his annual shareholder letter Tuesday that…
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