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…
Europe’s banks in ‘better place’ than U.S. in terms of commercial property risk – JPMorgan
By Marc Jones LONDON (Reuters) – Europe’s banks face less threat from some of the problems now showing in the commercial real estate markets than their U.S. counterparts, analysts at JPMorgan have…
‘Most vulnerable’ U.S. banks lost $1 trillion in deposits in a year -JPMorgan
By Nupur Anand New YORK (Reuters) – JPMorgan Chase & Co analysts estimate that the “most vulnerable” U.S. banks are likely to have lost a total of about $1 trillion in deposits…
JPMorgan cranks up equities “underweight” after market rout
LONDON (Reuters) – JPMorgan’s strategists ratcheted up the investment bank’s “underweight” recommendation on equities on Wednesday and urged switching into cash following the market rout caused by Silicon Valley Bank’s collapse. In…
First Republic secures new facility from JPMorgan
(Reuters) – U.S. private bank First Republic Bank said on Sunday it had secured additional financing through JPMorgan Chase & Co, giving it access to a total of $70 billion in funds…
JPMorgan ending banking relationship with crypto exchange Gemini – source
By Niket Nishant (Reuters) – JPMorgan Chase & Co is cutting ties with Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, according to a source familiar with the situation. The…
JPMorgan names Keith Canton as head of Americas Equities Capital Markets
(Reuters) – JPMorgan Chase & Co has named Keith Canton as the new head of Americas Equities Capital Markets (ECM) group, an internal memo seen by Reuters showed on Wednesday. Canton replaces…
0DTE options could turn 5% intraday market decline into 25% rout -JPMorgan
(Reuters) – Trading in new near-dated U.S. options contracts can supercharge volatility in U.S. stocks, potentially leading to tremendous intraday declines, analysts at JPMorgan said. The U.S. equity options market has seen…
JPMorgan should reveal more about CEO Dimon’s role in Epstein accounts -U.S. Virgin Islands
By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co should disclose more about Chief Executive Jamie Dimon’s role in business decisions related to Jeffrey Epstein, the U.S. Virgin Islands said…
JPMorgan CFO sees nearly 20% drop in banking revenue in first quarter
(Reuters) – JPMorgan Chase & Co, the largest U.S. bank by assets, is expecting a nearly 20% drop in banking revenue in the first quarter, Chief Financial Officer Jeremy Barnum said at…
Ukraine’s Zelenskiy met JPMorgan bankers over rebuilding efforts
NEW YORK (Reuters) – Ukrainian President Volodymyr Zelenskiy met with bankers from JPMorgan Chase & Co last week to get their advice on rebuilding the country and weathering the financial impact of…
JPMorgan lays off hundreds of mortgage employees -source
(Reuters) – JPMorgan Chase & Co has cut hundreds of mortgage employees, a source familiar with the matter told Reuters on Wednesday, hours after the company announced plans to hire some bankers.…
India’s Adani still eligible to be part of influential JPMorgan bond indexes
SINGAPORE (Reuters) -India’s Adani group of companies, which in recent weeks has seen a brutal selloff in its bonds and shares after being targetted by a U.S. short-seller, is still eligible for…
Traders see inflation falling this year – JPMorgan survey
By Naomi Rovnick LONDON (Reuters) – Most traders believe global inflation has peaked, while potential recession has emerged as the main risk to markets this year, according to a survey released on…
JPMorgan expects smaller contraction in UK economy in 2023
(Reuters) – J.P.Morgan said the UK economy was expected to contract by 0.1% this year, revising it from the previously forecast 0.3% decline in the gross domestic product (GDP), buoyed by a…
JPMorgan CEO Dimon’s 2022 pay unchanged at $34.5 million
(Reuters) -JPMorgan Chase & Co Chief Executive Officer Jamie Dimon’s total compensation for 2022 was unchanged at $34.5 million, the bank said on Thursday. Dimon’s total compensation will include an annual base…
JPMorgan begins private lending drive with $10 billion – source
(Reuters) – JPMorgan Chase & Co has set aside at least $10 billion to back its foray into the world of direct lending, a person with knowledge of the matter told Reuters…
JPMorgan CEO Dimon sees interest rates going beyond 5% – CNBC
(Reuters) – JPMorgan Chase & Co Chief Executive Officer Jamie Dimon expects interest rates to go beyond 5% as inflation remains high, he said in an interview with CNBC on Thursday. “I…
JPMorgan lifts ECB ‘terminal’ rate forecast to 3.25% from 2.50%
LONDON (Reuters) – Investment bank JPMorgan ramped up its forecast on Thursday for how high euro zone interest rates will go to 3.25% from 2.50%, after the European Central Bank vowed to…
JPMorgan, Citi and BNP invest in risk management provider Acin
By Andres Gonzalez LONDON (Reuters) – A group of five banks including JPMorgan, Citi and BNP Paribas are among the investors who backed an overall $24 million fundraising for risk control specialist…
JPMorgan Strategists Predict Stock Plunge, Recession As Early As First Half Of 2023
JPMorgan Strategists Predict Stock Plunge, Recession As Early As First Half Of 2023 John Hugh DeMastri on December 1, 2022 Strategists at JPMorgan Chase predicted a recession as soon as the first…
JPMorgan, BofA and Citi to slash banker bonuses – Bloomberg Law
(Reuters) – JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc are all weighing plans to cut bonus pools for their investment bankers by as much as 30%, Bloomberg Law…
JPMorgan, UBS and others vie for bigger share of China’s pension market
By Selena Li and Jason Xue HONG KONG (Reuters) – Chinese ventures of foreign asset managers including JPMorgan, Warburg Pincus and UBS are gearing up to expand their retirement offerings, as the…
JPMorgan expects to keep growing in Latin America with improved outlook
By Tatiana Bautzer SAO PAULO (Reuters) – JPMorgan Chase & Co will keep growing in Latin America over the next few years as it expects the region’s geopolitical outlook to improve, said…
Domestic investors could absorb heavy 2023 euro debt issuance – JPMorgan
(Reuters) – Demand for euro zone government debt from domestic buyers crowded out by European Central Bank buying is expected to be strong enough in 2023 to absorb hefty debt sales, just…
JPMorgan cuts China quarterly and full-year growth forecasts
LONDON (Reuters) – Investment bank JPMorgan cut its forecasts for economic growth in China on Tuesday due to the country’s ongoing COVID-19 restrictions. JPMorgan has lowered its projections a number of times…
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