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 to expand in Greece with new office, payments team
ATHENS (Reuters) – U.S. bank JPMorgan said on Friday it will open a new office in Athens to support the growth of its business in the country. The office will house a…
JPMorgan expects banks to repay 500-700 billion euros of ECB TLTRO loans in Nov
LONDON (Reuters) – Analysts at investment bank JPMorgan have estimated that banks will repay between 500 and 700 billion euros ($494-$692 billion)of the European Central Bank’s ultra cheap funding next month after…
JPMorgan M&A co-head urges potential buyers to be proactive, sees more health deals
By Abigail Summerville NEW YORK (Reuters) – Companies that are considering acquisitions should use a slowdown in deals to scope out potential targets, Anu Aiyengar, global co-head of mergers and acquisitions at…
JPMorgan Chase merchants can now receive payments through Meta Pay
(Reuters) – JPMorgan Chase & Co’s network of merchants will now be able to offer customers an option to make payments through Meta Pay, a top company executive at Meta Platforms Inc…
JPMorgan picks Deutsche Bank’s Sheppard for UK investment banking
By Pamela Barbaglia LONDON (Reuters) – JPMorgan has hired one of Deutsche Bank’s most senior dealmakers, Richard Sheppard, to strengthen its UK investment banking business and help British companies navigate the challenges…
Former Celsius exec joins JPMorgan as director of crypto regulatory policy
(Reuters) -Former Celsius executive Aaron Iovine has joined JPMorgan Chase & Co as executive director of digital assets regulatory policy, according to his LinkedIn profile, days after the bank’s Chief Executive Jamie…
JPMorgan investment banking chief Hernandez to retire in 2023
(Reuters) – JPMorgan Chase & Co said on Monday that Carlos Hernandez, its executive chair of investment and corporate banking, will retire at the end of the first quarter next year. Hernandez,…
JPMorgan names former Reliance M&A head as India investment banking chief
BENGALURU (Reuters) – JPMorgan Chase & Co said on Monday it named former Reliance Industries executive Navin Wadhwani as the head of its Indian investment banking business, under a slew of management…
JPMorgan CEO warns higher inflation could push U.S. rates above 4.5%
(Reuters) -JPMorgan Chase & Co Chief Executive Officer Jamie Dimon on Thursday warned that persistent and elevated inflation could spur interest rates to rise higher than 4.5%, as he cautioned about the…
JPMorgan CEO Tells US To Produce More Oil To Stave Off Energy Disaster
JPMorgan CEO Tells US To Produce More Oil To Stave Off Energy Disaster Jack McEvoy on October 11, 2022 JPMorgan Chase CEO Jamie Dimon said Monday that the U.S. needs to…
JPMorgan Chase CEO Issues Another Warning On US Economy: ‘This Is Serious’
JPMorgan Chase CEO Issues Another Warning On US Economy: ‘This Is Serious’ Harold Hutchison on October 10, 2022 JPMorgan Chase CEO Jamie Dimon warned Monday that a major stock market could…
China property, Russia drive emerging market Q3 corporate defaults – JPMorgan
LONDON (Reuters) – Defaults among emerging market companies continued to pile up in the third quarter due to troubles in Russia as well as China’s property sector, with the volume of bonds…
JPMorgan says it is not seeing any impact from alleged hack
(Reuters) – JPMorgan Chase & Co said on Tuesday it was aware of reports that a hacker group had blocked the bank’s network infrastructure but the company has not seen any impact…
Fannie Mae names former JPMorgan MD Priscilla Almodovar as new CEO
(Reuters) – U.S. mortgage lender Fannie Mae on Thursday named Priscilla Almodovar, a former managing director at JPMorgan Chase & Co, as its chief executive officer effective Dec. 5. Almodovar will replace…
JPMorgan doubles down on UK retail bank Chase
By Iain Withers LONDON (Reuters) – Wall Street giant JPMorgan is planning to double the size of its workforce at fledgling British retail bank Chase to at least 2,000 within two years,…
JPMorgan reduces credit to China’s Tsingshan and metal clients globally
By Eric Onstad, Pratima Desai and Peter Hobson LONDON (Reuters) – JPMorgan Chase & Co has reduced lending to China’s Tsingshan, one of the world’s top nickel producers, while also paring back…
JPMorgan, ICBC Standard pull back from China metal financing -Bloomberg News
(Reuters) -JPMorgan Chase & Co and ICBC Standard Bank Plc are cutting back on financing to China’s troubled metals trade, Bloomberg News reported on Friday, citing people familiar with the matter. The…
JPMorgan says will be careful about banker cuts amid investment banking downturn
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co will maintain caution on its staffing levels despite the recent downturn in investment banking, its president said on…
JPMorgan upbeat on Greek banks, upgrades Piraeus to ‘overweight’
ATHENS (Reuters) – JPMorgan upgraded Piraeus Bank to “overweight” and said it was positive on Greece’s four big banks in a research report published on Tuesday. Greek bank shares are down about…
JPMorgan slashes EM corporate debt issuance forecast by a third
By Marc Jones LONDON (Reuters) – Investment bank JPMorgan slashed its forecast for developing world corporate debt issuance by a third on Monday, the latest sign of the economic pressures poorer countries…
JPMorgan puts sell sign on emerging market government debt
LONDON (Reuters) – Analysts at JPMorgan put an ‘underweight’, or sell sign, on international emerging market sovereign debt on Friday due to the global economic slowdown and ongoing rise in interest rates…
JPMorgan interested in German market for possible retail market expansion
FRANKFURT (Reuters) – JPMorgan sees Germany as an “interesting market” for a possible expansion of its consumer business but no decision has yet been made, an executive said on Thursday. Stefan Behr,…
JPMorgan cuts China’s 2022 growth estimate to 3.0% from 3.2%
LONDON (Reuters) – JPMorgan on Friday cut its forecast for China’s economic growth for this year and next, against a backdrop of prolonged weakness in the housing sector and a resurgence of…
JPMorgan adds former J&J chief Gorsky to board
(Reuters) – JPMorgan Chase & Co said on Tuesday Alex Gorsky, former chief executive officer of Johnson & Johnson, has been elected as a director of the bank. Gorsky had helped establish…
JPMorgan fined $850,000 for alleged swap reporting failures
(Reuters) – JPMorgan Chase & Co will have to pay an $850,000 penalty to the U.S. Commodity Futures Trading Commission (CFTC) for allegedly failing to report certain foreign currency swaps, the regulator…
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